IT-BPM industry:

Lack of national policy, a huge drawback

The lack of a national policy for the IT-BPM (Business Process Management) industry is a huge drawback for the expansion of the sector which has immense potential to be a major foreign exchange earner, Sri Lanka Association of Software and Services Companies (SLASSCOM) Chairman Jayantha de Silva said.

He said the Association is eager to support whichever Government in power, in formulating a national policy with established bodies such as the Information Communication Technology Agency (ICTA) and the Board of Investment of Sri Lanka.

SLASSCOM, the IT and knowledge services industry trade chamber acts as a catalyst of growth of the IT and BPM industry by facilitating trade and business, propagation of education and employment and supporting the creation of a national policy framework.

“The country has been taking cover behind the war for several years as it is the nature of human beings to grab the closest excuse to evade commitment to a task. We need to come out as a nation from the shell and emerge as a vibrant destination for IT and software services,” de Silva said.

The IT-BPM industry which is rapidly growing is a $ 3 trillion global market. Many countries in the region are leveraging on the potential of this industry to grab a lion’s share of the market.