ICT the 5th largest foreign exchange earner in SL

ICT the 5th largest foreign exchange earner in SL

Written by Staff Writer

02 Sep, 2018 | 11:31 am

COLOMBO (News 1st) – Reports reveal that Digital literacy has reached 39% and that ICT exports have surpassed $1 billion, making ICT the 5th largest foreign exchange revenue earner in Sri Lanka.

With these developments, the newly appointed leadership and management of ICTA are looking at key initiatives including the digital legal enablers such as the the Electronic Transactions Act, the Computer Crimes Act, the Payment Devices Frauds Act and setting up the digital certificate framework for Payment & Settlement Systems Act for the Central Bank of Sri Lanka.

Presently, ICTA formulates regulations for implementing of cross-government digital solutions to facilitate cross-border access to electronic evidence. The ICT Industry is a key development sector in the country, which contributes significantly to GDP and foreign income of the country. The sector also provides a significant number of employment opportunities, especially to the youth.

Understanding the importance of the sector as a key driving force, the ICTA has initiated the Industry Development program. The program is supporting the sector goal of $5 billion export revenue, especially through entrepreneurship, innovation and digital adoption.

E-Local Government (eLG) is a high demanded solution used in local authorities (Pradeshiya Sabhas, Urban Councils, and Municipal Councils) to capture regular revenue, non-regular revenue and applications such as construction permits. This year, the ICTA has managed to expand the services of eLG, with new features to another 50 local authorities, to enhance the quality, efficiency, and effectiveness of service delivery to citizens.

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