Sri Lanka seeks outsourcing tie ups with India

Sri Lanka has invited Indian ITES and BPO companies to invest in the island nation claiming that the country would provide competitive edge with its large talent pool of trained personnel available at lower costs.
Outsourcing
“Indian companies can invest in Sri Lanka to outsource their projects here. We have a large talent pool of trained personnel available at lower costs. Outsourcing of projects here will significantly help Indian companies reduce operational costs as well as offset the effect of rupee appreciation against the dollar, G L Peiris, Sri Lankan Minister for export development and international trade said. He was addressing a conference organised by Ficci in Chennai. 
 
He also invited Indian companies to make use of the Generalized System of Preferences (GSP) scheme, under which 7,200 products from Sri Lanka can be exported to the European Union without levy of duty. 
 
“India does not have this scheme in force and Sri Lanka is the only country in South Asia to have this scheme in force.” 
 
Source: Business Standard
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