Target of generating $15 billion in economic value through digital initiatives by 2030

The Federation of Information Technology Industry Sri Lanka (FITIS), the apex body for the nation’s ICT sector, has warmly welcomed the government’s bold decision to establish a dedicated Ministry for the Digital Economy. This move, championed by the President Anura Kumara Dissanayake in his capacity as Minister of the newly formed portfolio and supported by a capable Deputy Minister Eng. Eranga Udesh Weeraratne, represents a historic milestone in Sri Lanka’s journey toward digital transformation.

The creation of this ministry is a crucial step in achieving the Government’s Digital Economy Strategy, which envisions positioning Sri Lanka as a global digital hub and aims to generate $15 billion in economic value through digital initiatives by the end of the decade. This ambitious goal underscores the government’s recognition of digital technology as a cornerstone of national development and a key driver of economic resilience in the 21st century.

FITIS, which has been at the forefront of advocating for a structured and focused approach to digital transformation, has hailed the move as a timely and visionary decision. The organization believes that the establishment of the ministry will enable Sri Lanka to capitalize on the opportunities presented by the global digital revolution, paving the way for innovation, investment, and inclusive growth.

Speaking on this landmark development, the Indika De Zoysa Chairman of FITIS extended his congratulations to the President Anura Kumara Dissanayake and Deputy Minister Eranga Udesh Weeraratne, emphasizing the importance of their leadership in advancing the country’s digital agenda. He noted that FITIS has long championed the need for a dedicated body to oversee digital policies and strategies and expressed confidence that this new ministry would serve as a catalyst for achieving the ambitious targets set under the Digital Economy Strategy.

The President’s decision to personally take on the role of Digital Economy Minister reflects his commitment to prioritizing technology driven development. This level of engagement at the highest level of government sends a powerful message about the importance of digital transformation in the nation’s overall growth strategy. With a Deputy Minister in place to ensure operational efficiency and stakeholder engagement, the ministry is well positioned to deliver on its objectives.

The Digital Economy Strategy  outlines a clear roadmap for leveraging technology to drive economic growth and enhance the quality of life for all Sri Lankans. Central to this vision is the ambitious target of generating $15 billion in economic value through digital initiatives. This goal reflects the vast potential of the digital economy to create jobs, improve productivity, and attract foreign investment.

FITIS believes that achieving this target will require a collaborative effort involving the government, private sector, academia, and civil society. The organization has reiterated its commitment to supporting the ministry by providing strategic advice, facilitating partnerships, and promoting Sri Lanka’s ICT capabilities on international platforms. FITIS has already been instrumental in driving key initiatives aimed at accelerating digital adoption, and it stands ready to play a central role in this transformative journey.

Countries such as Singapore, Estonia, and the UAE have demonstrated the transformative impact of dedicated digital ministries. By learning from these examples and adapting their strategies to local needs, Sri Lanka has the potential to become a model for digital innovation in the South Asian region.

The creation of the Digital Economy Ministry marks a bold step forward in Sri Lanka’s development journey. It reflects the government’s determination to embrace the future by investing in technology and innovation. Under the leadership of the President and the support of the Deputy Minister, this initiative has the potential to transform Sri Lanka into a thriving digital economy, contributing significantly to national GDP and improving the lives of citizens.

FITIS congratulates the government on this visionary move and looks forward to collaborating with the new ministry to realize the goals of the Government’s Digital Economy Strategy. With the right strategies, partnerships, and investments, Sri Lanka is well positioned to unlock the full potential of the digital economy, paving the way for a prosperous and inclusive future.