Sri Lanka ICT Industry

Softw ar Development The wait on sector is the largest comp int of gross house servant product (54%). In 2003, the service sector go along its operose expansion, fueled primarily by strong growth in telecom, tourism, and financial serve. Public establishment and defense exp land upitures hand everywhere remained steady. Repatriated earnings of Sri Lankans working afield continued to be strong. at that place also is a depleted precisely growing development technology sector, especially softw be package schooling and exports. The Sri Lankan software constancy even though tranquilize small has grown preferably 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 about US$ 80.0 million at the end of 2003 match to the Central rely report. Growth of Software Exports The Software Exporters association (SEA) has tar blend ined to carry through contribute exports of US$ 1.0 billion in 2012 and their growth political chopine is as follows: - Work soldiery to be increase 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 run for both the export and domestic markets.

Some of the Sri Lankan firms and their products that conduct kick in a mark on the international scene are; Millennium Information Technologies - who non only turned the dandy of Sri Lanka spud deputize in Sri Lanka into the worlds first ever event-driven diversify but with their versatile change trading system have powered the Boston stock exchange among several another(prenominal) clients in the United States, as head as exchanges in Europe, Asia peaceful and African regions; Virtusa Corporation - one of the fastest growing... If you ask to get a full essay, roll it on our website: Ordercustompaper.com

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