Sri Lanka President Ranil Wickremesinghe emphasized the need to upgrade the country’s industrial education and training opportunities by introducing the cutting-edge technology required to keep up with the fourth and fifth industrial revolutions’ new industrial technology and digital economy.
This remark was given by the President during a preliminary discussion of the “International Conference and Exhibition on the New Digital Economy,” which will take place in Sri Lanka in the final quarter of this year.
The goal of this international exhibition is to use technology to boost productivity and efficiency in order to get out of the current crisis. To do this, it will be necessary to identify ways to quickly move a number of industries in this country from their current technological state to those found in the digital economy during periods of new industrial revolutions.
Additionally, it is anticipated to transform Sri Lanka into an export hub that is equipped with cutting-edge technology, support the government by encouraging Foreign Direct Investment (FDI) in the service and export sectors, introduce the best global practices to domestic industries, and connect with industry giants.
This exhibition will also introduce cutting-edge technology tools to Sri Lanka’s industrial sector, emphasizing technical methodologies like Cyber-Physical Systems (CPS), Internet of Things (IoT), Internet Services (IoS), Robotics, Big Data, Cloud Computing and Manufacturing, and Advanced Augmented Reality Artificial Intelligence.
During this discussion, it was brought out that people from many social classes on the island will benefit from the digital economy’s development in a variety of industries.
Under the leadership of State Minister of Technology Kanaka Herath, the exhibition will be planned by a steering group made up of officials from 13-line ministries, including Finance, Foreign Affairs, Industry, Education, Transport, Trade, and Agriculture.
State Minister of Technology Kanaka Herath, line ministry secretaries, export development board (EDB), Sri Lanka board of investment (BOI), chamber of commerce, Sri Lanka information and communication technology agency, and members of the business sector engaged in the discussion.