BPO and ICT INDUSTRY
Outsourcing of IT solutions, business analytics, consultations, and process re-engineering are some of the skills Sri Lanka has to offer. With competitive pricing and innovative products and services, companies like John Keells Holdings, Informatics Group of companies, Millenium IT, WSO2, Hsenid have reached far across the waters and acquired business worldwide. Apart from offshore services, most companies have now branched out with onshore services to serve their clients with efficiency and speed.
Banking, accounting, audits, taxation, and financial analytics are industries in high demand that are outsourced to Sri Lanka. With multinational companies investing in Sri Lanka and recruiting specialized personnel, companies worldwide source their services from Sri Lanka. HSBC and WNS Global Services are some of the multinationals investing in Sri Lanka and exporting financial services worldwide.
Rubber and Coconut Products
The rubber plantation industry began in Sri Lanka in 1876, and currently, Sri Lanka ranks among the world’s top ten largest producers and is the 7th largest exporter of natural rubber. A number of value-added rubber products such as tires, latex gloves, and sports goods are also made in Sri Lanka. Coconut is one of the major plantation crops in Sri Lanka, accounting for approximately 12% of all agricultural produce. Desiccated coconut, brown fiber, and kernel products are some of the items that make Sri Lanka an important player in the world export market.
Vanila, Cinnamon & other spices
Vanilla plant is a tender, fleshy vine, belonging to the Orchidaceae family. Vanilla fragrance is important as a source of natural vanilla. It is used as a flavor ingredient in the confectionary industry and also in perfume and pharmaceutical industries. Sri Lankan vanilla suppliers are known in the global vanilla market for offering vanilla of the finest quality.
The cinnamon tree is native to Sri Lanka. One of the top 5 producers in the world, Sri Lanka grows and exports more than 15,000 metric tons of cinnamon annually. A number of local companies invest in the much-needed manual labor required to yield the best crops of cinnamon. Apart from the export of the raw product, value additions such as cinnamon powder and cinnamon oil are also popular and in demand worldwide. Other exported spices include cardamom, nutmeg and cloves.