Thursday, March 8, 2007

Sri Lankan Offshore Industry Grows Further

Asian Tribune ( reported on Wed, 2007-03-07 that SL is getting more offshore business. Following is extracted from their web news item.

"The Board of Investment of Sri Lanka and the Ministry of Investment Promotions have jointly issued ‘Letters on Approval’ for 7 new investments which include Software exports and setting up Business Promotion Offices, commonly known as BPOs.

Issuing ‘Letters on Approval, Dr.Sarath Amunugama Investment promotion Minister says these new investments would bring over 100 million rupees. A part of them are overseas investors and most of them plan to expand their businesses during a short period.

These Investments will create over 1500 direct jobs and the Minister asked them to bring more investments to Sri Lanka.

Speaking to the media on Tuesday morning at the Ministry auditorium, Colombo, Minister said the government already planned to set up a Techno park in Katunayaka to boost Software and IT related industries."

This is good news. I am bit surprised to hear about this new Techno park in Katunayaka, because as I understood, Malabe (where Millennium IT is located) was to be developed as the software park and that has not really grown that much, so, I don't know why they try to promote another place.

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