Short List

Apr 24, 2014 (LBO) - Sri Lanka has been short listed as a contender for the 'Offshoring Destination of the Year Award' in Europe, which the by the European Outsourcing Association, made up of over 1000 firms from eight countries in Europe. "Sri Lanka offers a very compelling value proposition for European businesses as an outsourcing destination," Sri Lanka Association of Software and Services Companies (SLASSCOM), Madu Ratnayake said.

"Especially for Software Product Engineering and Financial Accounting Outsourcing (FAO) Sri Lanka is one of the best partners for Europe."

The EOA is made up of more than 1,000 companies from eight national trade associations in Austria, Belgium, France, Germany, Italy, The Netherlands, UK and Spain.

"Europe remains an important market for Sri Lankan Outsourcing companies and being short listed for this award is a singularly important achievement for the country," Ratnayake said.

"We hope the visibility that Sri Lanka get with this shorting would encourage European companies to explore the tremendous potential Sri Lanka has to offer."

SLASSCOm says there over 300 domestic firm in the industry.

Global firms such as HSBC, Industrial & Financial Systems (IFS), Amba Research, RR