Construction of N’ Eliya, Kandy and Habarana techno parks to start by 2Q-2022 | Daily News

Construction of N’ Eliya, Kandy and Habarana techno parks to start by 2Q-2022

Sri Lanka as part of its ambitious target of transforming Sri Lanka as a technological hub will establish techno parks in five different areas.To this end, construction work on techno parks in Galle and Kurunegala has already commenced and Minister of Youth and Sports and State Minister of Digital Technology and Enterprise Development of Sri Lanka Namal Rajapaksa expressed hope that the construction work on techno parks in Nuwara Eliya Kandy and at Habarana will start by the second quarter of next year.

Minister Rajapaksa added that there would be a separate policy framework for techno parks whilst various incentives will be provided to prospective investors, willing to invest in Sri Lanka in this regard.

“Along with that we’re looking at a shift in our education system as well, as we believe that we need to enhance our youngsters to take up these challenges and become part of the core system that we’re going to build in the country,”

Minister Rajapaksa told a virtual CEO forum organised by Sri Lanka Institute of Directors, International Chamber of Commerce and key other partners held under the theme, ‘Making Sri Lanka a Technology Hub’. Minister Rajapaksa also noted that the recent budget and the Cabinet approved to connect 10,000 schools with fibre optical cables. Minister Rajapaksa added in order to transform Sri Lanka as a technological hub, infrastructure on technological front is very much imperative and the Government is fully concentrating on providing 100 % 4G and fibre optic coverage by 2023.

“There’re many regulatory changes that we’ve to do to ensure that more technology companies can come and invest in our country. And we are in touch with the Justice Ministry to do the necessary regulatory changes whilst taking certain policy decisions to make sure that we attract big technology companies into the country.”

The Minister further said that in Sri Lanka, revenue earned from tech startups in 2018 was at USD 29 million and this year it has gone up to USD 132 million.

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