Sri Lanka ICT Industry

Softw ar Development The wait on sector is the largest agent of GDP (54%). In 2003, the service sector go along its strong expansion, fueled primarily by strong return in telecom, tourism, and financial serve. Public validation and defense expenditures yield over remained steady. Repatriated earnings of Sri Lankans working abroad continued to be strong. There also is a modest precisely evolution information technology sector, especially software schooling and exports. The Sri Lankan software industry even though still small has fully grown 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 around US$ 80.0 million at the end of 2003 match to the substitution Bank report. Growth of Software Exports The Software Exporters Association (SEA) has targeted to yield through total exports of US$ 1.0 billion in 2012 and their yield 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 sensation hundred seventy-five software development companies in Sri Lanka actively involved in the development software products and providing services for both the export and internal 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 mental strain deputize in Sri Lanka into the worlds first ever event-driven exchange but with their versatile modify trading system have powered the Boston stock exchange among several another(prenominal) clients in the United States, as hearty as exchanges in Europe, Asia Pacific and African regions; Virtusa Corporation - one of the fastest growing... If you ask to get a full essay, ! come in it on our website: BestEssayCheap.com

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