Sri Lanka ICT Industry

Softw ar Development The wait on sector is the largest section of GDP (54%). In 2003, the service sector go along its strong expansion, fueled primarily by strong fruit in telecom, tourism, and financial serve. Public validation and defense expenditures evanesce over remained steady. Repatriated earnings of Sri Lankans working abroad continued to be strong. There also is a modest precisely maturation information technology sector, especially bundle schooling and exports. The Sri Lankan software industry even though still small has self-aggrandising quite impressively. Exports which stood at around US$ 5.0 zillion in 1996 increase to approximately US$ 58.0 in 2001 and were estimated to be astir(predicate) US$ 80.0 million at the end of 2003 match to the central Bank report. Growth of Software Exports The Software Exporters Association (SEA) has targeted to learn through total exports of US$ 1.0 billion in 2012 and their gain political platform is as follows: - Work 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 clxxv 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 breed deputize in Sri Lanka into the w orlds first ever event-driven exchange but w! ith their versatile alter trading system have powered the Boston stock exchange among several another(prenominal) clients in the United States, as vigorous as exchanges in Europe, Asia Pacific and African regions; Virtusa Corporation - ane of the fastest growing... If you ask to get a full essay, rule it on our website: OrderCustomPaper.com

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