On the back of IT

Leading IT companies including Oracle, Sun Microsystems and Intel are planning to open offices here on the back of one opened by Microsoft, a top bureaucrat told LBR.
Three large call center projects are also slated for launch within next two months, one a captive center for a top insurance firm and two by leading Business Process Outsourcing (BPO) operators.rn

rnBPO is a popular way to cut costs and has created thousands of jobs in Asia as global giants outsource or relocate their back office functions because of the cheap labor available in the region.rn

rnThe planned entry of the top IT firms has almost been finalised. rn

rnldblquote Some have already given commitments and some are in a mature stage of planning their entry into Sri Lanka,
dblquote Manju Hathotuwa, CEO, ICT Agency (ICTA) told LBR.rn

rnThe call center operations are expected to offer over a thousand jobs in the short-term going up to over 4000 later on.rn

rnThese come on the back of an announcement by HSBC to set up the cou