Export Barriers

Jan 02, 2012 (LBO) – Sri Lanka’s fast-growing information communications technology (ICT) industry faces difficulties in hiring skilled staff, finding good office space and accessing fast Internet links, a survey has found. “Poor country visibility as an IT destination, absence of up-to-date technology, and time consuming procedures to obtain services from institution such as the department of Inland Revenue and Sri Lanka Customers further act as barriers to the industry,” it said.

“In addition, global competition from IT giants such as India as well as emerging market such as Eastern Europe and South America remain a hindrance to the future growth of the industry.” Although the IT export industry will continue to grow fast, the industry is confronted with various concerns that could become a hindrance to its future progress, according to a new survey by PricewaterhouseCoopers.

A key concern if inability to access “quality” office space with parking facilities at a reasonable cost, said the survey commissioned by the Export Development Board which wants to make IT a top export sector.

“Lack of skilled staff, particularly with high-end technical skills and English language skills remains critical,” it said.