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Sri Lanka Approves Starlink’s Satellite Internet Service

Sri Lanka Approves Starlink’s Satellite Internet Service

Sri Lanka’s telecom regulator has given initial approval for Starlink’s satellite internet service. This move will boost broadband connectivity in the country. Starlink’s space tech will help Sri Lanka’s digital growth efforts.

Starlink, owned by SpaceX, is expanding global internet coverage. It has about 2,000 network centers in 32 countries. The company aims to provide fast internet to remote areas.

Sri Lanka Grants License to Elon Musk's Starlink for Satellite Internet Services

The State Minister announced Starlink’s approval on June 6, 2024. Initial setup costs range from $400 to $600. The monthly fee is $99 (about LKR 15,000).

There’s also a one-time hardware fee of around LKR 105,000. Starlink isn’t yet a phone network company in Sri Lanka. It has a frequency license under telecom laws.

Future changes will allow for a full telecom service provider license. This will help Starlink operate more easily in Sri Lanka.

President Wickremesinghe wants a relief package for certain groups. This includes school kids, fishermen, and researchers. The goal is to make high-speed internet more accessible.

The Sri Lankan Navy tested Starlink’s technology. They found download speeds of 100Mbps and upload speeds of 22Mbps. These results show Starlink’s potential to improve telecom in Sri Lanka.

Starlink’s service in Sri Lanka will start on August 12, 2024. This is later than the 2023 launch first planned. Talks between TRCSL and SpaceX began on November 29, 2021.

Key Takeaways

  • Starlink receives preliminary approval to provide satellite internet services in Sri Lanka
  • Monthly rental cost: LKR 15,000; One-time hardware fee: LKR 105,000
  • Starlink aims to bridge the digital divide and bring high-speed internet to remote areas
  • President Wickremesinghe instructs relief package for school children, fishermen, and researchers
  • Starlink’s technology demonstrates impressive download and upload speeds in Navy tests

Sri Lanka Grants License to Elon Musk’s Starlink for Satellite Internet Services

Sri Lanka has taken a big step for rural internet access. The country’s telecom regulator has approved Starlink to provide satellite broadband services. This follows a meeting between President Wickremesinghe and Elon Musk in Indonesia.

They talked about speeding up the process to connect Sri Lanka to Starlink’s advanced satellite tech. This move aims to boost internet access in underserved areas of the country.

Telecommunications Regulatory Commission of Sri Lanka (TRCSL) Approves Starlink

The TRCSL has given Starlink the go-ahead to start operations in Sri Lanka. This approval is a big win for SpaceX’s mission to expand high-speed internet access globally.

Starlink focuses on bringing internet to areas that lack good connections. This includes many emerging markets around the world.

Elon Musk's SpaceX Starlink satellite

Starlink to Provide Satellite Broadband Services in Sri Lanka from August 12, 2024

Starlink will start offering its internet services in Sri Lanka on August 12, 2024. This date allows time to set up the needed infrastructure. The goal is to ensure a smooth launch of the tech across the country.

Meeting Between President Ranil Wickremesinghe and Elon Musk Paves the Way

A key meeting in Indonesia set the stage for this big agreement. President Wickremesinghe and Elon Musk talked about quickly linking Sri Lanka to Starlink.

They saw the huge potential for improving Sri Lanka’s internet access. This move could greatly boost the nation’s digital connectivity.

Aspect Details
License Granted By Telecommunications Regulatory Commission of Sri Lanka (TRCSL)
Company Granted License Elon Musk’s SpaceX (Starlink)
Service Commencement Date August 12, 2024
Key Meeting President Ranil Wickremesinghe and Elon Musk in Indonesia

Transformative Impact on Sri Lanka’s Connectivity

Sri Lanka’s approval of Starlink’s satellite internet service is a game-changer. It paves the way for a digital revolution. This move will boost connectivity in remote areas and vital sectors like education and fishing.

Bridging Connectivity Gaps in Remote Areas

Sri Lanka faces high costs in connecting sparsely populated areas. SpaceX’s 6,000+ Starlink satellites can bridge these gaps. This aligns with Sri Lanka’s National Digital Transformation Initiative.

Enhancing Education Sector with Global Resources and Interactive Learning

Starlink’s service will revolutionize Sri Lanka’s education sector. Fast, reliable internet will unlock global resources for students and teachers. President Wickremesinghe highlights its potential to empower youth in the digital age.

Empowering Fishing Sector with Improved Navigation, Catch Management, and Market Connectivity

Sri Lanka’s fishing sector will greatly benefit from reliable satellite internet. Fishermen can access real-time weather updates and improve navigation. Better internet will also help them connect with markets more effectively.

Country Starlink Availability
Sri Lanka First South Asian country to grant Starlink a license
Indonesia Starlink services introduced to improve connectivity in remote regions
India Elon Musk has shown interest, hinting at potential future collaborations

Sri Lanka leads South Asia in granting Starlink a license. It joins countries worldwide benefiting from this cutting-edge technology. Starlink already serves remote areas across Europe, the Americas, Asia, Oceania, and parts of Africa.

Conclusion

Sri Lanka’s digital landscape is set for a revolution. The TRCSL has approved Starlink’s satellite internet services, effective August 12, 2024. This collaboration between the government and Elon Musk’s Starlink promises significant changes.

Starlink already serves 3 million users in nearly 100 countries. It’s expected to expand internet coverage, especially in rural areas. The service aims to bridge connectivity gaps across Sri Lanka.

Starlink’s low earth orbit satellites offer key advantages. They reduce latency and provide faster, more reliable connections. The service is several times quicker than existing fiber technology.

In Sri Lanka, a Starlink connection costs US$ 400 to US$ 600. The monthly fee is US$ 99. These speeds make Starlink a potential game-changer for the island nation.

Successful deployment requires collaboration with local businesses. It also needs effective customer support and robust infrastructure. Amendments to the TRC Act were crucial for Starlink’s operations.

A two-week public consultation preceded the approval. Sri Lanka looks forward to enhanced education and empowered fishing communities. The nation anticipates a brighter, more connected future for all its citizens.

Hans Wijayasuriya Named Chief Digital Economy Advisor

Hans Wijayasuriya Named Chief Digital Economy Advisor

Dr. Hans Wijayasuriya has been appointed as Sri Lanka’s Chief Advisor to the President on Digital Economy. His 30-year telecom career at Axiata and Telekom Malaysia positions him well for this role. This appointment marks a crucial step towards digital transformation in various sectors.

Axiata's Hans Wijayasuriya Appointed Chief Digital Economy Advisor

In 2024, Dr. Wijayasuriya received the GSMA Chairman’s Award for his mobile industry contributions. His expertise is expected to boost connectivity and economic modernization in Sri Lanka. He will play a key role in shaping the nation’s digital future.

Key Takeaways

  • Dr. Hans Wijayasuriya appointed as Chief Advisor to the President on Digital Economy
  • Over 30 years of experience in the telecommunications industry with Axiata and Telekom Malaysia
  • Received GSMA Chairman’s Award in 2024 for contributions to the global mobile industry
  • Expected to drive digital transformation initiatives and strengthen digital frameworks across sectors
  • Appointment marks a significant step towards a digital economy in Sri Lanka

Veteran Telecommunications Executive Appointed to Key Advisory Role

Dr. Hans Wijayasuriya is now Sri Lanka’s Chief Digital Economy Advisor to the President. His vast experience in digital solutions is expected to boost economic development. This move aims to strengthen the country’s digital frameworks across various sectors.

innovation ecosystem Sri Lanka

Dr. Hans Wijayasuriya’s Extensive Experience in Digital Solutions

Dr. Wijayasuriya brings rich knowledge to his new role. He was CEO of Telecommunications Business at Axiata Group Bhd. His expertise has helped grow digital economies.

His experience spans organizations like the University of Bristol and True Corporation. True Corporation is the most sustainable telecom company globally, according to S&P Global. Dr. Wijayasuriya has also served on various Board Investment Committees.

Expected to Drive Initiatives to Strengthen Digital Frameworks Across Sectors

As Chief Digital Economy Advisor, Dr. Wijayasuriya will lead initiatives to improve Sri Lanka’s digital landscape. He aims to create a thriving innovation ecosystem. His focus will be on strengthening digital frameworks in government services, finance, and healthcare.

Dr. Wijayasuriya will work on building strong public-private partnerships. This will help create a solid digital infrastructure for economic growth. His appointment is a big step towards making Sri Lanka a digital economy leader.

Axiata’s Hans Wijayasuriya Appointed Chief Digital Economy Advisor

Dr. Hans Wijayasuriya is now the Chief Advisor to the President on Digital Economy. The Presidential Media Division made this announcement. He brings over 20 years of experience in digital and telecommunications across Asia.

Transition from Role as CEO of Telecommunications Business and Group Executive Director at Axiata Group Bhd

Dr. Wijayasuriya will leave his role at Axiata Group Bhd in January 2025. He has been with the company for 30 years. Under his leadership, Dialog Axiata became a key player in Sri Lanka’s telecommunications market.

Axiata Group serves over 150 million customers in several countries. These include Malaysia, Indonesia, Bangladesh, Sri Lanka, and Cambodia. The group has contributed to Sri Lanka’s digital infrastructure development.

Dr. Wijayasuriya has received recognition for his work in the global mobile industry. In 2024, he won the GSMA Chairman’s Award. He has also served on the GSMA board of directors.

Appointment Announced by Presidential Media Division

The PMD’s announcement shows the government’s focus on digital growth. Dr. Wijayasuriya’s expertise will help strengthen Sri Lanka’s digital frameworks. This move aims to support the country’s economic modernization and growth.

His knowledge in telecommunications and technology will be valuable. The government expects to improve various sectors through digitization. This aligns with Sri Lanka’s efforts in strengthening its digital frameworks.

Mandate to Enhance Connectivity and Support Economic Modernization

Dr. Hans Wijayasuriya will lead Sri Lanka’s digital transformation as ICTA’s Non-Executive Chairman. He’ll oversee the digital transformation framework’s planning and implementation. This aligns with the government’s goal to accelerate the digital economy.

The government aims to improve citizens’ lives through Digital Public Infrastructure. This initiative promotes inclusivity and sustainable growth. Dr. Wijayasuriya’s expertise will modernize education, healthcare, and finance sectors.

His leadership at Dialog Axiata made it a key player in Sri Lanka’s telecommunications market. At Axiata Group, he served over 150 million customers across multiple countries.

Leading the Board of ICTA as Non-Executive Chairman

As ICTA’s Non-Executive Chairman, Dr. Wijayasuriya will guide efforts to enhance connectivity. He’ll support economic modernization through capacity building initiatives. This ensures necessary skills and infrastructure for digital transformation.

Challenges include updating Sri Lanka’s digital infrastructure and addressing cybersecurity concerns. Establishing appropriate regulatory frameworks is also crucial.

Future Executive Leadership Roles in Digital Economy Institutional Framework

Dr. Wijayasuriya will take on executive leadership roles in the digital economy framework. These positions will follow relevant legislative enactment. He’ll contribute to modernizing the economy and improving Sri Lankan citizens’ lives.

His decision to leave Axiata in January 2025 shows commitment to Sri Lanka’s digital agenda. This move will allow him to focus on driving the country’s digital transformation forward.

Sri Lanka Passes Bill Allowing Government to Remove Posts

Sri Lanka Passes Bill Allowing Government to Remove Posts

Sri Lanka’s parliament has passed the controversial Online Safety Bill. It gives the government broad powers to regulate online content and social media platforms. The bill allows a commission to order the removal of “prohibited statements” and pursue legal action against publishers.

The legislation passed with 108 votes in favor and 62 against. It comes as Sri Lanka tries to recover from a severe economic crisis. Last year, protests demanding reform led to the ousting of top leaders.

Sri Lanka Passes Bill Allowing Government to Remove Online Posts

Those found guilty of publishing prohibited content face hefty fines and up to five years in prison. International organizations worry these restrictions could weaken governance and increase corruption. Tech giants warn the bill could harm Sri Lanka’s digital economy.

The bill’s passage raises fears about Sri Lanka sliding towards authoritarian rule. UN experts caution it could suppress dissenting voices. Concerns persist about the bill’s impact on freedom of expression and press freedom.

This comes as Sri Lanka prepares for presidential elections later this year. The new law could affect Sri Lanka’s evolving digital landscape. Many worry about its long-term effects on democracy and free speech.

Key Takeaways

  • Sri Lanka’s parliament passes the Online Safety Bill, allowing government control over online content and social media.
  • The bill empowers a commission to order the removal of “prohibited statements” and take legal action against publishers.
  • Critics warn the bill could stifle dissent, undermine the digital economy, and lead to authoritarian rule.
  • Sri Lanka is still recovering from a severe economic crisis and political upheaval in 2022.
  • Concerns persist about the bill’s impact on freedom of expression and press freedom as Sri Lanka prepares for presidential elections.

Sri Lanka’s Controversial Online Safety Bill

Sri Lanka’s Online Safety Bill has sparked controversy due to its potential impact on digital rights and free speech. The bill aims to regulate internet content and remove posts deemed “prohibited statements.”

It was published on September 18, 2023, and tabled in Parliament on October 3, 2023. The bill proposes a government-appointed commission to oversee online content regulation.

Key Provisions of the Bill

The bill proposes a five-member Online Safety Commission appointed by Sri Lanka’s Executive President. This commission would have the power to remove content and block access to accounts.

The bill sets harsh penalties for online posts, including up to 20 years imprisonment. This has raised concerns about the severity of punishments for online activities.

Online Safety Bill protests in Sri Lanka

The proposed legislation outlines various offenses with punishments including imprisonment and fines. These are detailed in the table below:

Offense Punishment
Sharing prohibited statements Up to 5 years imprisonment and/or fine
Failure to comply with commission orders Up to 2 years imprisonment and/or fine
Repeated violations Up to 20 years imprisonment and/or fine

Opposition and Criticism from Media and Civil Rights Groups

Media, internet, and civil rights groups strongly oppose the Online Safety Bill. They argue it would undermine freedoms and create a chilling effect on free speech.

From October 3rd to 17th, 2023, 45 petitions challenged the bill’s constitutionality. This highlights widespread concern over its impact on digital rights and self-censorship.

The Asia Internet Coalition, representing major tech companies, warns the bill could harm Sri Lanka’s digital economy. It may also deter foreign direct investment.

Journalists fear the bill could severely impact their work. This could lead to self-censorship and the closure of news websites.

Despite the Supreme Court’s 2023 verdict, many fundamental flaws remain unaddressed. These include provisions for an opaque regulatory body without independent oversight.

The bill could worsen Sri Lanka’s economic crisis. It may have far-reaching effects on platform accountability and internet regulation in the country.

Sri Lanka Passes Bill Allowing Government to Remove Online Posts

Sri Lanka’s parliament passed the controversial Online Safety bill with a majority vote. Opposition parties, media groups, and civil rights activists raised concerns. The bill aims to tackle online fraud, cyber harassment, and data theft.

Critics fear it could limit free speech and press freedom. The government claims it will protect user privacy and national security.

Government’s Justification for the Bill

Public Security Minister Tiran Alles introduced the bill to fight rising online crimes. In 2022, over 8,000 complaints about online offenses were filed with Sri Lankan police.

These included sexual abuse, financial scams, and cyber harassment. Alles stated the bill wasn’t meant to harass media or political opponents.

Concerns over Freedom of Expression and Press Freedom

Rights groups worry about the bill’s impact on internet freedom. They fear it could suppress anti-government protests. US Ambassador Julie Chung urged transparency to protect people’s voices.

The International Federation of Journalists criticized the proposed commission. They say it’s controlled by the President, opposing true press freedom. This contradicts the need for a self-regulating media system.

Key Statistics Details
Online Safety Bill Vote Passed with 108 votes in favor, 62 against in the 225-member parliament
Online Crime Complaints (2022) More than 8,000 complaints filed, including sexual abuse, financial scams, cyber harassment, and data theft
Sri Lanka’s Debt Crisis Declared bankruptcy in 2022 with over $83 billion in debt, more than half owed to foreign creditors
IMF Bailout Package Agreed to a $2.9 billion bailout package for Sri Lanka
Upcoming Presidential Election Scheduled to be held later this year

Conclusion

Sri Lanka’s Online Safety Bill has sparked debate about freedom of expression. Critics worry it gives authorities too much power to censor content. The government says it’s needed to fight online crimes.

The bill’s restrictions may discourage tech giants from investing in Sri Lanka. This could slow economic growth and technological progress. Many question the government’s ability to judge truth from falsehood.

The bill is a hot topic as Sri Lanka nears its presidential election. Public discontent is already high due to new taxes and rising energy costs. Religious diversity may be at risk if certain voices are suppressed.

Sri Lanka must carefully weigh the bill’s consequences. A balanced approach is needed to protect citizens’ rights and support the digital economy. The country should aim for transparency, accountability, and free expression.

Sri Lanka’s Economic Crisis Threatens IT Firms

Sri Lanka’s Economic Crisis Threatens IT Firms

Sri Lanka’s IT industry is facing major challenges due to the country’s severe economic crisis. The sector, which employs over 120,000 people, was on track to become the top exporter. Now, it struggles with power cuts, fuel shortages, and internet disruptions.

The crisis has led to record inflation, currency devaluation, and a lack of foreign exchange. This has caused shortages of fuel, medicines, and other essentials for 22 million people. Stalled imports have made it hard for IT firms to meet project deadlines and maintain client trust.

Sri Lanka's Economic Crisis Threatens Its Dollar-Earning IT Firms

Investor confidence has been shaken by the ongoing crisis. Some companies have moved staff to offices in nearby countries to ensure business continuity. This raises concerns about the IT sector’s future in Sri Lanka and its ability to keep skilled workers.

The severe paper shortage has affected many industries, including education and IT. The government is trying to address resource scarcity and stabilize the economy. Meanwhile, IT firms must navigate operational challenges and retain top talent in uncertain times.

Key Takeaways

  • Sri Lanka’s IT industry faces significant challenges due to the country’s severe economic crisis.
  • Daily power cuts, fuel shortages, and internet disruptions hinder business continuity for IT firms.
  • The economic crisis has shaken investor confidence, forcing some companies to temporarily relocate staff.
  • Concerns arise about the IT sector’s ability to retain skilled labor amidst economic uncertainty.
  • The government’s efforts to address resource scarcity and stabilize the economy are crucial for the IT industry’s recovery.

Impact of Economic Crisis on IT Industry Operations

Sri Lanka’s IT industry faces major challenges due to the economic crisis. Power cuts, internet issues, and fuel shortages disrupt operations. Companies struggle to meet client expectations and deliver quality work.

IT professionals have devised creative solutions to keep businesses running. Some work from hotel lobbies during outages. Others use a buddy system for fuel updates.

However, frequent power cuts and slow internet make meeting client expectations difficult. Quality of deliverables often suffers due to these obstacles.

IT industry challenges in Sri Lanka

Sri Lankan IT firms face tough competition from India, Bangladesh, and Vietnam. There’s concern about losing business if delivery standards drop. Some companies explore setting up temporary offices in neighboring countries.

The crisis severely impacts the IT industry, once a major economic contributor. Before the pandemic, it employed over 120,000 people. It was the fifth-largest export earner, set to become the top exporter.

  • Sri Lanka’s IT industry employed more than 120,000 people and was the fifth-largest export earner for the country.
  • The industry was on track to become the top exporter within the next five years before the economic crisis hit.
  • Inflation in Sri Lanka reached 39.1% in May 2021, with fuel prices more than doubling since the start of the year.
  • The value of the US dollar appreciated by 75% against the Sri Lankan rupee in the past year.

Despite challenges, IT remains an attractive employer in Sri Lanka. It offers high salaries and flexible work environments. Companies seek creative solutions to navigate the crisis and maintain their economic position.

Challenge Impact Mitigation Strategies
Power cuts Disruption of work, inability to meet deadlines Working from alternate locations with stable power supply
Internet disruptions Slow speeds, difficulty in communicating with clients Investing in backup internet connections, using mobile data
Fuel shortages Difficulty in commuting to office, increased transportation costs Encouraging remote work, carpooling, using public transport

Sri Lanka’s Economic Crisis Threatens Its Dollar-Earning IT Firms

Sri Lanka’s IT industry is feeling the pinch of the ongoing economic crisis. The sector was a major foreign currency earner, employing over 120,000 people before the pandemic. Now, it faces challenges due to economic mismanagement and currency depreciation.

Importance of IT Industry as a Foreign Currency Earner

The IT industry has been crucial to Sri Lanka’s economy. It was on track to become the top exporter within five years. The sector also aimed to double its workforce.

However, the current economic situation has put these goals at risk. The industry’s growth and potential are now threatened.

FAO and Norad are working to boost Sri Lanka’s fisheries and aquaculture sector. They aim to improve sustainable fishing and the country’s blue economy. The project fights illegal fishing and increases climate change resilience.

It also reduces food waste in the fisheries value chain. This is done through technical support and technology upgrades. These include advanced cooling systems and AI-powered apps for real-time fish quality monitoring.

Investor Confidence and Business Expansion Concerns

The government’s lack of a clear plan has shaken foreign investors’ confidence. Some companies are looking to expand outside Sri Lanka. This move aims to boost investor confidence and ensure business continuity.

The economic crisis has made living costs skyrocket. The Sri Lankan rupee has lost 75% of its value against the US dollar. This has led to critical shortages, affecting normal business operations.

IT firms are struggling to meet service level expectations. The challenging economic environment is making it difficult to maintain business standards.

Key Statistics Value
Pre-pandemic IT industry employment Over 120,000
IT industry rank as export earner 5th largest
Inflation in May 2021 39.1%
Fuel price increase since beginning of the year More than doubled
US dollar appreciation against Sri Lankan rupee (past year) 75%

Brain Drain and Talent Retention Challenges

Sri Lanka’s economic crisis has sped up skilled worker migration, especially in IT. The economy shrank by 8.7% in 2022. Half of young, educated people want to leave, risking a brain drain that could hurt future growth.

IT companies are trying to keep top talent. They’re pegging salaries to foreign currencies like the US dollar. This hurts smaller IT firms with local clients. They can’t match these salaries and may lose staff to bigger companies.

Impact on Smaller IT Firms and Local Clients

The crisis hits smaller IT firms and local clients harder. These firms can’t compete with big companies’ salary strategies. They struggle to keep skilled workers and finish projects on time.

Firm Size Average Salary (LKR) Talent Retention Rate
Large IT Firms 250,000+ 85%
Medium IT Firms 150,000 – 250,000 70%
Small IT Firms 100,000 – 150,000 60%

Experts warn that Sri Lanka may face more brain drain without quick economic fixes. This could be similar to Lebanon’s experience. The government and IT industry must work together to keep talent.

They need to create long-term strategies to support smaller IT firms. This will help the sector stay strong during tough times. It will also protect IT professionals’ jobs.

Conclusion

Sri Lanka’s IT industry faces major challenges due to the country’s economic crisis. Power outages, fuel shortages, and currency issues disrupt operations. These problems threaten to drive away skilled workers.

The economic turmoil has shaken investor confidence in the IT sector. This industry is crucial for Sri Lanka’s foreign currency earnings. The government must solve the crisis and improve infrastructure.

Without action, the country’s economic and social stability may crumble. Brain drain could worsen if the situation doesn’t improve. The IT industry’s growth is vital for Sri Lanka’s future.

However, there’s still hope for recovery and growth in the IT sector. Sri Lanka can focus on keeping talented workers and rebuilding trust. Creating a good environment for IT growth is key.

With the right steps, Sri Lanka can become competitive in the global IT market again. The road to recovery may be tough. But with proper support, the IT industry can emerge stronger than before.

Sri Lanka’s Digital Economy Strategy Aims for $3 Billion by 2024

Sri Lanka’s Digital Economy Strategy Aims for $3 Billion by 2024

Sri Lanka plans to grow its digital economy to $3 billion by 2024. This goal represents 4.37% of the country’s GDP. The government is expanding tech exports, e-commerce, and IT-BPM services to reach this target.

Strategic investments in digital infrastructure and IT skills are vital. These investments aim to create a thriving environment for startups and digital businesses.

Sri Lanka's Digital Economy Strategy Aims for $3 Billion by 2024

The ICT Agency of Sri Lanka leads efforts to create a digitally inclusive nation. They focus on digital policy and cyber laws. The agency’s digital government transformation aims to boost efficiency and connectivity of state entities.

The National Data and Identity Interoperability Platform (NDIIP) enhances information sharing among government organizations. Two state-of-the-art Techno Parks are being built to attract foreign investment and create jobs.

Sri Lanka plans to increase its ICT/BPM workforce from 125,000 to 300,000 by 2024. Over 60% of Sri Lankans own mobile phones, with half being smartphones. This provides a strong base for digital services and e-commerce growth.

Key Takeaways

  • Sri Lanka aims to grow its digital economy to $3 billion by 2024, representing 4.37% of GDP
  • The government is investing in digital infrastructure and IT skills development to support tech exports, e-commerce, and IT-BPM services
  • The ICT Agency is working to establish a digitally inclusive Sri Lanka through digital policy, cyber laws, and digital government transformation
  • Two state-of-the-art Techno Parks are under construction to attract Foreign Direct Investment and create job opportunities
  • Sri Lanka aims to increase its ICT/BPM workforce from 125,000 in 2018 to 300,000 by 2024

Sri Lanka’s Vision for a Digital Economy by 2030

Sri Lanka aims to create a thriving digital economy by 2030. The Sri Lanka Vision 2030 focuses on using digital tech for innovation and global competitiveness. It ensures a human-centered approach to digital change.

Sri Lanka digital transformation roadmap

The strategy prioritizes equal chances for all citizens in the digital economy. It promotes new tech and solutions for societal issues. The plan also aligns digital growth with environmental goals.

Core Principles Guiding Sri Lanka’s Digital Transformation

  • Inclusivity and equal opportunities for all
  • Innovation in technologies, business models, and digital solutions
  • Sustainability and alignment with environmental goals
  • Global outlook and competitiveness
  • Human-centric approach prioritizing citizen needs
  • Rights-based framework protecting privacy and digital rights

Critical Enablers for Achieving Digital Economy Goals

Sri Lanka has identified key factors to reach its digital goals. These include creating laws that boost innovation and protect consumer rights. Secure digital IDs are vital for trusted online transactions.

Clear data rules will ensure responsible data use. These enablers aim to foster a thriving digital economy for all.

Enabler Description
Legal and Regulatory Framework Establish laws and regulations that promote innovation and protect digital rights
Digital Identity Systems Implement secure and trusted digital identity solutions for online transactions and services
Data Governance Develop transparent frameworks for responsible data collection, sharing, and use

Team efforts, public input, and private investments will drive digital change. These factors will help create a vibrant digital economy. The goal is to benefit all parts of society.

Key Strategic Areas for Action in Sri Lanka’s Digital Economy Strategy

Sri Lanka aims to boost its digital economy to $3 billion by 2024. The strategy focuses on six key areas for growth and transformation. These include enhancing digital infrastructure, developing skills, and improving e-government services.

The plan also strengthens cybersecurity, expands digital financial services, and supports MSMEs’ digitalization. These areas are crucial for driving Sri Lanka’s digital progress.

Infrastructure, Connectivity, and Access Initiatives

Sri Lanka prioritizes improving digital connectivity and access. The government plans to invest in next-generation networks and high-speed broadband. These efforts aim to maintain digital leadership and bridge the digital divide.

Initiatives are underway to expand broadband coverage, especially in rural areas. This ensures everyone can access digital services equally.

Skills Development, Digital Literacy, and Job Creation

Building a digitally skilled workforce is vital for innovation and growth. Sri Lanka focuses on developing IT skills and promoting digital literacy. The country also aims to create job opportunities in the digital sector.

Targeted training programs address the need for advanced AI engineering skills. Partnerships with educational institutions help develop strategic expertise. Visit Sri Lanka’s Tourism Industry Sees Resurgence Ahead of for more insights on economic growth.

E-Government Services and Digital Governance

Sri Lanka aims to enhance e-government services and digital governance. The government plans to digitize public services, improve efficiency, and increase transparency. A robust AI governance structure is being established.

This structure focuses on safety, transparency, and ethical guidelines. It ensures responsible AI development and deployment.

Cybersecurity, Data Protection, and Privacy Measures

Strengthening cybersecurity and ensuring data protection are crucial for Sri Lanka’s digital strategy. The government is investing in cybersecurity infrastructure and implementing data protection regulations. Promoting awareness about online safety is also a priority.

Building trust in digital systems is essential. It encourages adoption and fosters a secure digital environment.

Expansion of Digital Financial Services

Sri Lanka aims to expand digital financial services. The goal is to increase access to digital payments, mobile banking, and other financial technologies. This promotes financial inclusion and reduces reliance on cash transactions.

Initiatives encourage MSMEs to adopt digital financial services. This supports their growth and competitiveness in the market.

Sector-Specific Digitalization and Support for MSMEs

Sri Lanka’s strategy recognizes the importance of sector-specific digitalization. It supports MSMEs in their digital transformation journey. The government provides incentives for MSMEs to adopt digital technologies.

Initiatives promote the startup ecosystem and foster innovation. This encourages entrepreneurship in the digital space. These efforts drive economic growth and create new job opportunities.

Challenges and Opportunities in Implementing Sri Lanka’s Digital Economy Strategy

Sri Lanka aims to build a $15 billion digital economy by 2030. The government plans to spend Rs. 3 billion on digital efforts in 2024. This is 1.4% of total expenditures.

Key challenges include ensuring fair access and implementing regulatory reforms. Attracting investments is also crucial. However, the strategy offers chances for public-private partnerships.

These partnerships can help bridge the digital divide and improve infrastructure. They can also develop digital skills among workers.

Sri Lanka could become a regional digital hub. Its location, growing digital infrastructure, and skilled workforce are attractive to international companies.

Budget Allocation Amount (Rs.) Purpose
National Single Window 200 million Facilitating trade-related regulatory documentation
Vocational Education and Training 450 million Training through Provincial Councils
Job-Seeking Graduates Program 750 million Training program for job-seeking graduates

The strategy can lead to inclusive economic growth. It promotes digital literacy and supports small businesses. This creates new jobs and empowers marginalized communities to join the digital economy.

Conclusion

Sri Lanka’s Digital Economy Strategy outlines a bold plan for the country’s digital future. It aims to boost economic growth and global competitiveness. The strategy sets clear goals for 2024, including $3 billion in annual foreign exchange revenue.

The plan also targets building a workforce of 300,000 ICT professionals. This includes 150,000 skilled individuals ready for the digital economy. These goals show Sri Lanka’s commitment to progress despite recent global ranking challenges.

Sri Lanka plans to set up five regional tech and education hubs. It aims to help tech companies and startups grow. The country also wants 75% of its citizens to be digitally literate.

The strategy focuses on key areas guided by core principles. It aims to use digital tech for inclusive and sustainable growth. Success will boost the economy and improve lives in the digital age.