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* Rotterdam based e-commerce firm invests US$ 3 million in Sri Lanka to launch IT company
Wed, Jan 29, 2014, 09:41 am SL Time, ColomboPage News Desk, Sri Lanka.

Jan 29, Colombo: Rotterdam based ISM eCommerce has signed an agreement with the Board of Investment of Sri Lanka to launch an e-commerce firm with an investment of US$ 3 million.

Under the agreement ISM eCommerce will set up a project to develop software and provide Business Processing Outsourcing (BPO) services for the export market.

The full service and innovative e-commerce and e-learning firm develops for both practices, globally renowned products (Sana and Easygenerator) and provide web based solutions to their clients.

Sri Lanka will be the firm's new location serving the Asia Pacific Hub and the firm will eventually employ 160 local IT specialists,

The founder of ISM eCommerce Jan Kees de Jager said at the signing of the agreement that the investment is aimed at securing the company's position in the growing Asia Pacific market.

"With Colombo as our home base we think we have chosen a great strategic location. One of great spirit, vibrant business environment, enthusiastic people and magnificent sceneries," de Jager said.

The founder said they believe the investment can bring huge advantages to Sri Lanka by creating at least 160 new high-end technical support and the firm will invest in education and knowledge transfer, by training the new local employees by industry experts abroad as well as in Colombo.

Besides the employee training, the firm is also looking to foster close university-corporate partnerships to transfer their unique industry knowledge to an even wider young and eager student population, the founder said.

Investment Promotion Minister Lakshman Yapa said that Sri Lanka had a strong competitive advantage in this sector and the investment can play a catalytic role in developing the nation.

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