A Policy to attract more software development investments to Sri Lanka

Abstract

Abstract Software development is nothing new to Sri Lanka or for the other regional countries. Software development has become one of the major off shoring opportunity opportunities in the region over the years. India, China, and Philippines are leading the way with software development while software exports have become one of the main exports generating foreign currency to these nations. Many infrastructure developments have been done and are still being done to facilitate the changing demands of software development. Industry giants in software development operate from these countries creating a lot of economic benefits to these countries./ Sri Lanka on the other hand, is also considered a main location for software out sourcing. Over 170 software development companies operate in Sri Lanka. However, due to some issues, these companies face hardships in operating. These factors have also negatively influenced new software development investments to the country. Although software development could be a major export in the country, it still has not reached the expected levels of growth. It is the author's aim to find out the real problems faced by the Sri Lankan software companies. Additionally, new measures to attract new software development Investments and ways of eliminating the hardships faced by the companies will be looked in to. By analyzing these, the author's objective is to develop a Policy Document to attract and increase software development investments to the country