Daily News Online
 

Wednesday, 3 February 2010

News Bar »

Security: Thirty seven in custody ...        Political: President’s second term begins Nov 19, 2010 ...       Business: Banking industry performs well ...        Sports: Cyclist Janaka clinches Gold in 170 km road race ...

Home

 | SHARE MARKET  | EXCHANGE RATE  | TRADING  | SUPPLEMENTS  | PICTURE GALLERY  | ARCHIVES | 

dailynews
 ONLINE


OTHER PUBLICATIONS


OTHER LINKS

Marriage Proposals
Classified
Government Gazette

Lanka, fastest growing IT market - BMI

Sri Lanka's information technology market will be among the best potential growth prospects in South Asia, says the Business Monitor International (BMI) of UK.

Total IT spending is seen as nearly doubling to US$494mn by 2013, with considerable upside. This projected CAGR of 15 percent would make Sri Lanka one of the fastest-growing markets in the region, states BMI in its IT market report.

The BMI further states that the progress is a consequence of the end to Sri Lanka's long- running war in mid- 2009. Earlier the total size of the legal IT market was estimated at US$254mn in 2008, just 2 percent the size of India's with the effects over the years of the country's political and economic instability, disruption of distribution channels, the negative impact on incomes growth, and underdevelopment of the country's telecoms infrastructure, BMI points out.

EMAIL |   PRINTABLE VIEW | FEEDBACK

www.lanka.info
LANKAPUVATH - National News Agency of Sri Lanka
www.peaceinsrilanka.org
www.army.lk
Telecommunications Regulatory Commission of Sri Lanka (TRCSL)
www.news.lk
www.defence.lk
Donate Now | defence.lk
www.apiwenuwenapi.co.uk

| News | Editorial | Business | Features | Political | Security | Sport | World | Letters | Obituaries |

Produced by Lake House Copyright © 2010 The Associated Newspapers of Ceylon Ltd.

Comments and suggestions to : Web Editor