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* $1 bn income to government through IT sector - IT Minister
Sat, Jan 5, 2019, 11:18 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 05, Colombo: the non-cabinet Minister of Digital Infrastructure and Information Technology Ajith P. Perera says the government receives a US$ 1 billion income from the Information Technology sector.

The Minister made this observation during an inspection tour of the innovative business hub TRACE Expect City at Maradana yesterday.

Businessmen and technical persons in the technology sector and related manufacturing sectors, and government officials participated in the observation tour with the Minister.

Minister Perera said the government with the relevant stakeholders will take immediate measures to inquire and resolve the problems in the TRACE Expect City project.

Expressing his views, Minister Ajith P. Perera said the country today receives about US $ 1 billion income from the IT sector and from the IT related products.

"The value of this is around 95 percent of this is income to the country. Some industries, for example, the garment industry, a large portion of the income from the industry is again sent abroad to procure the raw materials for the industry. Therefore, the IT sector is a very important sector when considered the profits to the country," he said.

The Minister said he is delighted to visit the TRACE Expert City within a few days of assuming the duties as the subject minister and the objective of his visit along with the prominent businessmen in the field and the government agencies in the IT sector such as ICTA, is to get a firsthand understanding of the real function of the institute.

The TRACE Expert City is a business hub that aims to move Sri Lanka up the value chain through technology and innovation.

According to the TRACE, its objective is to create an ecosystem that supports science, technology and innovation to lead the country towards a knowledge-based society that supports the country’s long term economic, social and environmental growth and development while also enhancing existing opportunities for research and development.


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