IT-BPM industry poised for accelerated growth
In a move to create the much-needed IT-BPM capacity for the expansion
of the industry in Sri Lanka, which is now poised for accelerated
growth, SLASSCOM Vice Chairman Mano Sekaram advocates the creation of
regional second tier cities to bring about inclusive growth.
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SLASSCOM Vice Chairman
Mano Sekaram |
The IT-BPM industry is now among the top-five largest export earners,
with an estimated export revenue of US$ 720 million in 2013 and those
employed in the sector growing from 33,700 in 2007 to 75,100 in 2013.
The industry also played a key role in developing ICT, which was
instrumental in the country's economic transformation. The IT-BPM sector
has been and will continue to be a driving force in this area.
Sri Lanka is fast emerging as a niche global sourcing destination for
IT and BPM services with a high growth potential, with AT Kearney
ranking Sri Lanka among the top 25 destinations in their global ranking.
The worldwide addressable market for IT-BPM off-shoring has been
estimated at $403 billion and the local industry's Vision 2022 aims at
becoming the number one foreign exchange earner of the country, with US$
5 billion in revenue, creating 200,000 direct jobs and 1,000 start-ups.
SLASSCOM, Vice Chairman and 99X Technology, CEO Mano Sekaram said
that growth has so far been 'Colombo-centric' and stressed on the need
to bring about inclusive growth that will touch every segment of
society. "The fastest way of doing this is through the spread of ICT in
rural areas, through the creation of regional cities."
He said that the IT-BPM industry is one that can operate from any
location, given that an enabling business environment and sound
infrastructure are in place.
"Our greatest untapped human resources rest in the regional areas
which is where 80% of our workforce comes from," Sekaram said. |
