Components makers stand to benefit from SL’s inexpensive skilled workforce: EDB

“The salary scales are more attractive than other manufacturing industries. Therefore, a large talent pool with highly trainable youth and skilled professionals in the form of design and manufacturing engineers are available,” he said.

The availability of inexpensive skilled workforce together with “good” logistics connectivity makes Sri Lanka a promising location for the components manufacturing sector, said de Mel.

Furthermore, he called on local companies to plug into global MNC supply chains and develop joint ventures so they can act as contract manufacturing companies that carry out design driven work within Sri Lanka.