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content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” fusion_font_family_text_font=”” fusion_font_variant_text_font=”” font_size=”18px” line_height=”” letter_spacing=”” text_transform=”” text_color=”#ffffff” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

Why Codeone-X?

Innovative Solutions
Fast deployment
Transparency
Flexibility

[/fusion_text][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”” rule_size=”” rule_color=”” hue=”” saturation=”” lightness=”” alpha=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” fusion_font_family_text_font=”” fusion_font_variant_text_font=”” font_size=”18px” line_height=”” letter_spacing=”” text_transform=”” text_color=”#ffffff” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]Why Sri Lanka for ICT/BPO industry?

The ICT (Information and Communication Technology) sector in Sri Lanka offers a wide range of investment opportunities due to its rapid growth and government support. The country has witnessed significant advancements in its digital infrastructure, creating a conducive environment for businesses to thrive.

Sri Lanka offer access to a highly skilled workforce, cost-effective solutions, high-quality services, cultural compatibility, time zone advantage, a growing IT ecosystem and a stable business environment. These factors combine to make Sri Lanka an attractive destination for outsourcing IT projects and establishing successful partnerships. [/fusion_text][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”” rule_size=”” rule_color=”” hue=”” saturation=”” lightness=”” alpha=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” fusion_font_family_text_font=”” fusion_font_variant_text_font=”” font_size=”18px” line_height=”” letter_spacing=”” text_transform=”” text_color=”#ffffff” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]Quality and Reliability

Sri Lankan IT companies have established a reputation for delivering high-quality services and demonstrating reliability. As they adhere to international standards and best practices, businesses of Sri Lanka always ensure that their projects are executed with high level of precision and efficiency serving a high competitive advantage to clients around the world.

Cultural compatibility

Sri Lankan professionals share cultural affinities and have good English proficiency, making communication and connectivity smooth and effective. The cultural compatibility and language fluency between Sri Lankan professionals and clients from Western countries facilitate seamless collaboration, understanding of project requirements, and effective communication throughout the development process.

Time zone advantage

Sri Lanka’s time zone (GMT+5:30) allows for convenient overlapping working hours with regions like Europe and the United States. This time zone advantage ensures real-time collaboration, quick response times, and efficient project management, enabling businesses to effectively manage global operations and maintain seamless communication with their offshore teams.[/fusion_text][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”” rule_size=”” rule_color=”” hue=”” saturation=”” lightness=”” alpha=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” fusion_font_family_text_font=”” fusion_font_variant_text_font=”” font_size=”18px” line_height=”” letter_spacing=”” text_transform=”” text_color=”#ffffff” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]High skilled workforce

One of the key advantages of investing in Sri Lanka’s ICT sector is its competitive and skilled workforce. The country boasts a large pool of talented professionals in software development, IT services, and other technical fields. These professionals are well-versed in the latest technologies and can provide high-quality services to both domestic and international clients.

Cost-effective solutions

Sri Lanka offers competitive cost advantages compared to other similar outsourcing destinations. Investing in a company that provides dedicated teams and development services in Sri Lanka can result in significant cost savings without compromising on quality. It is clearly evident by the favorable USD/LKR exchange rate that remains in the country currently.

Sri Lanka also provides affordable entry-level resources in domains like Accounting, Marketing, and Customer Service for a monthly fee of only 450 USD, which includes all costs. Thus, BPO investors can hire qualified professionals at a significantly lower price compared to other countries, resulting in substantial competitive advantage in cost savings.

Quality and Reliability

Cultural compatibility

Time zone advantage

Growing IT Ecosystem

Sri Lanka has witnessed significant growth in its Information Technology ecosystem, with the government supporting initiatives to promote the IT industry’s expansion. 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Stability is the key to Sri Lanka’s economic environment, with an expected single-digit inflation rate by the end of 2023. Combined with the favorable exchange rate, BPO investors can reduce costs while accessing a skilled talent pool in Sri Lanka.

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The lower Big Mac Index in parallel to inflation highlights Sri Lanka’s affordability, making it an appealing outsourcing destination for BPO investments in the future. It is clearly evident by in early 2023, the Big Mac price of Sri Lanka is $3.72 and the Big Mac index is -27.72% while the global average lies at $4.07 and -21.2% respectively. Further, as the inflation rate in Sri Lanka is predicted to decrease, it is expected that the Big Mac Index will further decrease, making the country a more attractive place for BPO investments in the coming years.

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