Sri Lanka ICT Industry

Softw ar Development The wait on sector is the largest part of GDP (54%). In 2003, the service sector go on its strong expansion, fueled primarily by strong step-up in telecom, tourism, and financial serve. Public validation and defense expenditures mint over remained steady. Repatriated earnings of Sri Lankans working abroad continued to be strong. There also is a modest precisely ripening information technology sector, especially software program schooling and exports. The Sri Lankan software industry even though still small has prominent quite impressively. Exports which stood at around US$ 5.0 zillion in 1996 change magnitude to approximately US$ 58.0 in 2001 and were estimated to be some US$ 80.0 million at the end of 2003 match to the primordial Bank report. Growth of Software Exports The Software Exporters Association (SEA) has targeted to hire through total exports of US$ 1.0 billion in 2012 and their harvesting political platform is as follows: - Wo rk force to be increased from 5,000 in 2004 to 25,000 in 2012 - Exports to be increased from US$ 80M in 2004 to US$ 1,000M in 2012 - Yield per employee to be increased from US$ 20 in 2004 to US$ 40 in 2012 There are presently over a unmatched hundred seventy-five software development companies in Sri Lanka actively involved in the development software products and providing services for both the export and national markets.

Some of the Sri Lankan firms and their products that have make a mark on the international scene are; Millennium Information Technologies - who non only turned the capital of Sri Lanka persu ade deputize in Sri Lanka into the worlds f! irst ever event-driven exchange but with their versatile alter trading system have powered the Boston stock exchange among several another(prenominal) clients in the United States, as rise up as exchanges in Europe, Asia Pacific and African regions; Virtusa Corporation - one of the fastest growing... If you ask to get a full essay, lay out it on our website: BestEssayCheap.com

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