SRI LANKA > London Stock Exchange Group to Setup Operations in Srilanka
London Stock Exchange Group to Setup Operations in Sri lanka
According to “Invest Sri Lanka”, the Board of Investment (BOI) of Sri Lanka signed an agreement with London Stock Exchange Group (LSEG) to setup its global business service arm in Sri Lanka. LSEG will be creating a new facility in the “Tripoli Market” district of Colombo. As a result of this investment, 400 new high technology jobs would be created.
Information Technology (IT) has been a promising sector in Sri Lanka as more than 100 IT projects have been approved by BOI over the years creating approximately 16,350 jobs in the country. Further, IT sector in Sri Lanka exported US$ 261 Million worth of product and services and is deemed as one of the growing sectors of the country.Tags: frontier market, London Stock Exchange, FDI in Sri Lanka