Electronic and electrical sector breaks record with over $ 422 m export earnings in 2021

Wednesday, 26 January 2022 04:59 - - {{hitsCtrl.values.hits}}

The electronic and electrical sector has recorded a 30% increase in its export earnings compared to $ 328 million recorded last year, despite COVID-pandemic challenges.

With the support extended by the Sri Lanka Export Development Board, the industry has shown its knowledge, expertise, competitiveness, and resilience in 2021 to achieve the highest export revenue recorded in history despite COVID-pandemic challenges. The sector is ambitious to reach a $ 1 billion export target by 2025.

The Sri Lankan electronic and electrical industry continues to grow its brand as a young, dynamic exporter unafraid of change, embracing the challenges of evolving global markets with resilience, in the true Sri Lankan spirit.

With a reputation as a ‘Design to Delivery Destination’ in the electronic and electrical sector, Sri Lanka is a centre of excellence for electronics design and development, whilst the industry with vigour has embraced all emerging technologies including IoT, Robotics, Bio-medical, Analytics, and advanced Research and Development.

Sri Lanka is progressively stepping into the global value-added supply chain with a range of cutting-edge products and services, keeping pace and aligned with emerging global trends of ‘digitisation’, ‘automation’, ‘miniaturisation’, and ‘development of sustainable green energy’. With a reputation for world-class quality and unparalleled delivery records, the Sri Lankan electrical and electronic industry conforms to all required industry standards and global accreditations, observe ROHS and WEEE regulations, and strictly adhere to the ILO requirements.

The industry consisting of more than 100 engaged in design manufacturing and exporting of electronic and electrical products and services with approximately 37,000 employees that include high profile researchers and design engineers.

Making an increasingly healthy contribution towards the country’s export-led economic development progression, Sri Lankan electrical and electronics industry has marked its emergence into the global electronics value-added supply chain with products and services finding acceptance amongst reputed global market leaders, and catering to multiple industries including automobile, telecommunication, consumer electronics, industrial automation and numerous other verticals.