Did you know? Sri Lanka is a rising Location for IT and BPO Investment · Renaissance Sri Lanka
Did you know? Episode 2 - Sri Lanka: a rising location for IT and BPO InvestmentBusiness

Did you know? Sri Lanka is a rising Location for IT and BPO Investment

Sri Lanka established itself as a major destination for foreign investment. From no taxation to substantial cash grants for companies in the IT-BPO companies, the government provides many incentives to promote investments.

Author: Rosine Duteil

Sri Lanka has attractive infrastructure, quality labour force, and financial advantages
Sri Lanka has attractive infrastructure, quality labour force, and financial advantages © Renaissance Sri Lanka

Colombo has a well-established road network with a quality supply of power, modern office facilities and a well-developed set of support infrastructure services (Sri Lanka ranked 2nd for the South Asian countries on the Competitiveness Index 2017 – 2019).

The workforce is cost-effective and offers the world’s largest pool of UK qualified English speaking accounting professionals outside the UK itself. Currently, over 80,000 are employed in the IT -BPO industry in Colombo and the workforce is growing at over 20% year-on-year.

Sri Lanka's Infrastructures are excellent
Sri Lanka’s Infrastructures are excellent © Renaissance Sri Lanka

 

Want to learn more?

Check out Episode 1 explaining why Sri Lanka is the ideal Location to Offshore.

Check out Episode 3 explaining why Sri Lanka is a major Innovation and Startup Hub.

 

REFERENCES

http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf
http://hdr.undp.org/en/countries/profiles/LKA
https://www.icta.lk/projects/national-it-bpm-workforce-survey-2019/
https://www.ips.lk/incentivizing-foreign-investment-in-sri-lanka-and-the-role-of-tax-incentives/..
https://www.doingbusiness.org/content/dam/doingBusiness/country/s/sri-lanka/LKA.pdf