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Monday, 03 April 2023 13:23

SL Telecommunication Value added services record a moderate growth Featured

Value added services of the telecommunication sub-sector recorded a moderate growth of 8.3percent in the first half of 2022 amidst an increase in foreign currency related cost components in this industry.

IT programming consultancy and related services expanded by 3.7 percent in the first half of 2022 despite numerous challenges in the operating environment including power disruptions, fuel shortages and forex regulations.

Telecommunications, computer, and information services are key growth components within the services sector and delivered net inflows worth approximately US $1 billion.

The National Export Strategy of Sri Lanka aims to generate $5 billion in revenue, creating 200,000 direct jobs and establishing 1000 Information Technology and Business Process Management (IT-BPM) startups via the IT-BPM industry by 2025.

 

Similarly, postal and courier services recorded a growth of 7.4 percent in the first half of 2022, compared to the same period of 2021.

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