SLASSCOM Presentation to Economic Summit- July 2011

7/31/2019 SLASSCOM Presentation to Economic Summit- July 2011

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Building the vibrant Sri Lankan IT/BPO Industry

Sri Lanka Association for Software &Service Industry (SLASSCOM)


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Vision & Mission

Vision - #1 Industry

IT/BPO Industry to become the #1 revenue earner for Sri Lanka in the next 10

years

Mission

SLASSCOM acts as the catalyst of growth for the Sri Lankan IT and BPO industry byfacilitating trade and business, propagation of education and employment,

encouragement of research and innovation, and by supporting the creation of aprogressive national policy framework


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Positioning Sri Lanka as a global destination niche focus

Build niche focus Global Center of Excellence

in

Financial Services, Mobile and Telco, Software Testing, Travel and Aviation, Legal Process &

Product innovation

for

Mid market (SME)s, niche captives and companies looking for diversification (near shore

complement to India)

with a USP of

Quality & ethics, top talent, retention, cost, lower risk, business with pleasure


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Industry is organized with a long term strategic plan

$1b

GlobalTrade

DomesticTrade

Policy

QualityHR

Capacity

Entrepreneurship

grow demand


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and a broad set of partners


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Global TradeShowcasing Sri Lanka at primer events globally

GITEX 2010-


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Policy Forum

Engaging the Government & International

stakeholders

Central Bank Charting out the vision for MahindaChinthanaya Knowledge Hub Exchange Control clearance for $ preferential tax scheme

Finance Ministry Collaboration Budget proposal for continuation of preferential tax

Budget proposal on industry focus

Members of the NCED

Presidential Secretariat Presidential Task Force on

English & IT


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HR Forum

Focus on to bring together the leading HR professionals of the IT/BPO industry

with the focus to build a progressive national workforce which is competitive,ethical and collaborative.

Approach

Build a strong HR alliance

Bring in global best practices to ensure we get off ground right

2009/2010 & Roadmap

HR forum by brining in all HR managers

Joint efforts drive economies of scales

Influence policy on employment to encourage investments


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Capacity ForumOpening the doors of opportunities to students in Jaffna

SLASSCOM team made twovisits to Jaffna, met withgovernment officials &education institutes to

educate and to start theintegration

SLASSCOM In Jaffna w/BOI/ICTA Jun 10 Jaffna students in Colombo Oct 10

This is our first industrial visit. I got

lot of information from the visit and it

is useful to choose my next step in my

life. So simply, I say it is great

This is our first industrial visit in the

last two decades. This visit has

provided awareness not only to the

cutting-edge technology in the IT

industries in this country but also to

their infrastructures. I believe this

visit will add more value and

confidence to the students


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Where has the Sri Lankan IT/BPOIndustry reached during the last 5

years?


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121155

193

234

29451

58

64

78

98

2006 2007 2008 2009 2010

IT/ BPO Export Revenue

BPO Revenue US$mn

IT Revenue US$mn

213

258

312392

173

5th Highest Exports Revenue Earner

26% CAGR 2011


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Sizable and a growing set of companies with

many new global companies are coming in.


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The IT workforce is expected to reach 50,000 by end 2010, est. growth rate of 17%.

IT Workforce is growing rapidly

2003 2004 2005 2006 2007 Est. 2008 2009 2010 Est.

TOTAL 15,586 20,279 25,200 30,120 33,702 39,107 42,821 50,159

15,586

20,279

25,200

30,12033,702

39,10742,821

50,159

-

10,000

20,000

30,000

40,000

50,000

60,000

ITWork

force


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.. and the new BPO Workforce is going rapidly

4,000

5,450

8,634

11,384

13,701

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

2006 2007 2008 Est. 2009 2010 Est.


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We remain committed to, and confident of, the future of our HDPL operations

in Sri Lanka, and look forward to playing our part in the development andprosperity of the country. - Rumi Contractor, Group General Manager, ServiceDelivery & CEO HSBC Global Resourcing Ltd.

Partnering with a Sri Lankan based company has been refreshinglystraightforward and we have been impressed by the warmth of our welcome

and the quality of highly educated talent working at MillenniumIT. Our presencein Colombo provides us with an important footprint in Asia. - David Lester,Director of Information Services, London Stock Exchange (LSE)

Sri Lanka's large pool of highly-trained F&A resource, makes for a powerfulcombination in today's increasingly global market. - Jim Downey, Managing

Director, Outspan

The availability of top tier talent and the low cost of operations in Sri Lankamade it a logical choice for our company. We started working in Sri Lanka in1997 recruiting just 26 graduates in the first year, since then we have grown to635. Sri Lanka offers us a great base to expand into Asia - Alastair Sorbie,

CEO/President, IFS


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Sri Lanka is another Asian country that hassucceeded in positioning itself as an alternative to

India.

- IBM Global Location Trends Report 2010

Sri Lankans geographical location, infrastructural facilities, direct access to

India market, high quality standards of the workforce, open economy andvarious free trade agreements make it an attractive outsourcing destination.

Global Services Destinations Compendium 2010

Sri Lanka is clearly emerging as a global sourcing destination

Ranked among Top 25 in the AT Kearney Global Services Location

Index (GSLI) in 2011Ranked number 5 in financial attractiveness, ahead of India, China and all of CEE

Gartner's 30 Leading Locations for Offshore Services (2010-

2011). Included among the Top 10 in Asia pacific.

12th in the top ranking destinations in IBM Global Location

Trends Report

Ranked among the top 10 emerging global destinations by Global

Services Magazine.


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www.slasscom.lk

SLASSCOM Presentation to Economic Summit- July 2011

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