Lanka IT service exports higher than estimated-Hiru News

An industry body which has done its own survey says that Sri Lanka’s foreign revenues from software and business process outsourcing are higher than officially estimated, but growth is constrained by talent shortfalls.

Sri Lanka’s central bank has estimated revenues from ‘computer services’ at 604 million US dollars for 2013, under a standardized balance of payments presentation.

The industry body said it was on track to reach a billion US dollar export target set for 2016 with 80,000 employees. But 2013, there were 75,000 employees within Sri Lanka’s information technology sector.