Sri Lanka shortlisted for Offshoring Destination of the Year Award by the National Outsourcing Association (UK)
View(s):US-based National Association for Outsourcing (NOA) has shortlisted Sri Lanka for its Offshoring Destination of the Year Award. This award is to be delivered during its prestigious award ceremony – The National Outsourcing Association Awards (NOAAs) 2013 on October 24 in London, it was announced in Colombo.
Expressing his views on Sri Lanka’s Short listing for this year’s NOAAs in the Offshoring Destination of the Year Category, SLASSCOM Chairman Madu Ratnayake said that, “Sri Lanka offers a unique advantage for UK and EU companies, especially for software roduct engineering and accounting outsourcing. Early movers have been able to generate significant competitive advantage for their business in Sri Lanka. We now see many UK and UK companies are setting up their operations in Sri Lanka to take advantage of the synergies. The NOA shorting of Sri Lanka among the top 3 counties is a great testament to the value Sri Lanka offers for UK/EU companies and we look forward to the growth of the thriving UK/Sri Lanka partnership”.
Ranked among the Top 25 Global Outsourcing destinations by AT Kearney and among the Top 20 Emerging Cities by Global Services, Magazine, the Sri Lankan environment is highly conducive for allowing global enterprises to enjoy premium access to a high quality talent pool for small to medium scale engagements whilst establishing high-in-demand niche competency centres, the SLASSCOM statement said.
Sri Lanka acts as an off-shore development centre and joint venture development centre to several Fortune 500 companies and industry leaders from the North American continent, Great Britain, Australia, Sweden, Norway, and Japan.
Foreign entities that have invested in Sri Lanka have already begun to tap the local talent; HSBC, Industrial & Financial Systems (IFS), Amba Research, RR Donnelley, WNS,Virtusa, Pearson,Valista, Millennium Information Technology (owned by London Stock Exchange), and Innodata Isogen are overseas investors that have become firm believers.