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Monday, January 07, 2013 - 06.08 GMT

IT/BPO sector to grow up to a billion dollar industry by 2015


The IT/BPO sector has helped the country to attract US$ 600 million worth of export earnings during an year and is set to grow up to a billion dollar industry by 2015.

The Central Bank says, currently there are over 400 IT and IT enabled entities operating in the country, which employs 35,000 persons.

According to the Bank, the sector is expected to bring in US$ 1 billion as export earnings by 2015, while boosting its current workforce to 80,000 by the same year.

“We were only concentrating on normal export of goods, but IT and Related services is an important component to earn foreign income”, Governor of the Central Bank Ajith Nivard Cabraal said.





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Last modified: January 07, 2013.

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