Tuesday, August 18, 2020

Sri Lankan Export Development Board continues to promote Sri Lankan ICT opportunities in Japan

 

The Sri Lankan Export Development Board (EDB) is calling for applications from cutting edge technology companies to join its IT Week 2020 delegation to Japan from 8-10 April. More than 30 companies supported by the EDB, where delegates had opportunities to meet global investors and experts, learn about the latest trends in the industry and develop strategic collaborations while acquiring tech know-how that provides critical support for them to grow their businesses in the Japanese market.

As a result, Sri Lankan ICT and Business Process Management (BPM) companies have opened branches in Japan and entered into joint ventures with the Japanese firms and won prospective deals. This year, EDB will once again take part in Japan's IT Week 2020 to hold in Tokyo, Japan, from 8-10 April. It is the world's leading exhibition focused on ICT and BPM that offers a variety of opportunities for experts, suppliers, service providers and consumers to meet worldwide exhibitors and establish profitable business relationships.

The EDB has organised the Sri Lankan pavilion at Japan IT Week for five consecutive years since 2015, in line with the ongoing efforts of the Sri Lankan government to foster an export-driven economy, mainly through adaptation and innovation. This year marks the event's 29th edition and organisers have said it will draw 89,000 visitors and 1,490 exhibitors from around the world.

The ICT and BPM solutions providers in Sri Lanka are no newcomers to the IT industry in Japan, with many Sri Lankan companies already offering software, internet, big data and other solutions to leading Japanese companies such as Hitachi, Fujitsu and Canon IT Solutions. Such business lines have produced substantial export revenue for Sri Lanka, with government initiatives such as the IT Week mission to Japan expected to earn the additional country revenue.

Intending to promote the Sri Lankan ICT and BPM sector in Japan and vice versa, the EDB arranged a variety of workshops and client engagements within the Japanese market. This initiative is also an attempt to clear the concerns of most Sri Lankan companies on the Japanese market and to inspire them by sharing tips on how to win business deals successfully in Japan. The EDB organises the Sri Lankan Pavilion and Country Seminar for the sixth consecutive year, in partnership with the Sri Lankan Embassy in Japan, with the participation of 10 ICT and BPM companies interested in starting a business with potential Japanese clients.

OSL Take: The Telecommunications Ministry is finalising a digital identification card international tender. Over $55 million total costs will cover nearly the entire population. Another business/investment opportunity for foreign businesses/investors looking to enter the Sri Lankan economy is the Lotus Tower project of Sri Lanka.

The emphasis on developing Sri Lanka's digital infrastructure and enhancing its ICT sector will not only enable the country to become a digitised economy but will also provide enterprising individuals with ample opportunities to invest, innovate and introduce new techniques into this sector. Furthermore, Sri Lanka Telecom's launch of the ' National Digital Roadmap ' would pave the way for the digital journey of Sri Lanka would also open up a host of business/investment opportunities in the digital infrastructure sector of the country.

 VBS/AT/18082020/Z_TB3

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