Some factors which could support the idea of multinational companies looking forward to offshore and outsource their business processes and why Sri Lanka should be enlisted in their priority list.

  1. Being a vibrant business environment with a stable environment with a stable economy, statistics that you might want to have a glance at:
    • GDP Growth of 6.4 %
    • 24% Gross National savings of GDP
    • 23.7% of Private Investment of GDP
    • Total External Assets: 5.4 Statistics above are finalized as at the year of 2012
  2. Deployment of government policies that enhance investment potential
    • Pro Business Policies
    • Politically stable and responsive government
    • Liberal Investment Policies
    • Attractive Tax & Other Incentives
  3. A talent pool of workforce who are young, dynamic and productive with multilingual skills. Continuous and comprehensive vocational advance skills and industrial training that facilitate them to carry on a harmonious industrial relationship with minimal trade disputes.
  4. In order to ensure a smooth flow of trade, the infrastructure has been well developed with a network of well maintained roads and highways. Moreover well equipped sea & airports, high quality telecommunication network & services and fully developed industrial parks add more convenience.
  5. Sri Lanka does have a lot of international relationships due to the booming tourism sector , as over 1 million if tourism arrival have been recorded in 2012 enabling accelerated programs of beautifying cities and lakes, ensuring a greener environment. The target has been increased to 2.5 m and a plan of 50, 000 additional rooms to be completed by 2016.
  6. A vibrant business environment with a market oriented economy comprising of a large local business community with a long history in international business link as well as a large foreign business community in all active sector with extensive trade links, accumulating to a total trade value of USD 39, 000 million as at 2012. The Colombo Stock Exchange; a growing capital market has enabled and help maintain sustenance of a well developed financial and banking sector including of 13 banks. All business, legal and accounting practice is based on the British system where the medium of English is widely and primarily being used.
  7. An admirable quality of life amidst a wonderful crowd friendly and hospitable Sri Lankans. Excellent housing with modern amenities, excellent educational institutions including international schools for expatriate students. Good healthcare and medical facilities. Shopping malls with all international brands and recreational and sports facilities.
  8. An admirable quality of life amidst a wonderful crowd friendly and hospitable Sri Lankans. Excellent housing with modern amenities, excellent educational institutions including international schools for expatriate students. Good healthcare and medical facilities. Shopping malls with all international brands and recreational and sports facilities.
  9. Sri Lanka does have preferential market access to large economies through Free Trade Agreements with both India & Pakistan where over 4200 products are exported at zero duty to both countries. The Asia Pacific Trade Agreement also facilitates market access to East Asian territories. Immense possibilities are on research process to expand trade with China, India and South Korea.

 

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