Business
APIIT promises 100 top IT graduates to Virtusa annually
One of the top global education entities in Sri Lanka, The Asia Pacific Institute of Information Technology (APIIT) signed an MOU with the top global IT company Virtusa, the leader in Sri Lanka which supports companies driving digital transformation innovation globally.
The MOU encompasses training and development, partnering the entity for faculty visits, priority picking of talent, soft skill training and advising on new curriculum development.
“One of the key promises agreed was that APIIT develops and provides 100 top quality IT graduates for Virtusa to interview and select, based on the different requirements of the organization”, said Chairman APIIT Bandula Egodage.
“By servicing the private sector we will be serving the country so that the IT/BPO industry can bring in a five billion dollars to Sri Lanka in the near future. We are currently are at just a billion dollars in export revenue”, he added.
One of the key features of the MOU was the launch of the ‘Digital Discovery Program’ a signature programme of Virtusa aimed at enriching practical skills and imparting an industry-relevant course curriculum to the IT students of APIIT, especially the software engineering students as APPIT is known for its top quality IT students with strong soft skills spanning a 22 year heritage under the Staffordshire University, UK.
The MOU provides for Virtusa’s representatives to work with APIIT’s students and provide them exposure to the current industrial needs and requirements. The end game is that top 100 graduates can be developed to the top private sector organisations. Some can be even seconded to overseas entities provided they are qualified at a higher level like a Master’s programme for which APIIT has built a name in the market,
The signature brand ‘Digital Discover Program’ consists of many industrial sessions enriched with core and emerging technical skills together with project management and professional skills. It will run on a twelve week module side by side to the academic studies that APIIT students will do in the Computer School. These skills will bring an advantage where undergraduates can become industry-ready while also enhancing the probability of employment.
Speaking at the event, Director of APIIT Dr. Rohantha Athukorala said that the role of educational institutes is to produce talent that will help solve the problems that the private sector is up against. “We will train students with the support of organizations like Virtusa so that we can provide 100 top IT graduates to organisations initially and then we will scale up. This in turn will ensure that an organisation like Virtusa meets the promise that cater to requirements thousands of miles away. In today’s work many companies are driving digitalisation where the backend can be done efficiently and with hundred percent accuracy in countries like Sri Lanka and India while the front end is in Europe, US and Australia. We are committed to play this role”, he said.
Head of HR – Sri Lanka for Virtusa, Sampath Thrimavithana said that “As one of the largest employers of graduates in the country we continuously look for means to improve the employability of undergraduates. This alliance is a great step forward in reinforcing Sri Lanka’s future by building on one of the most valuable skills any student could pursue. With unique insights into industry requirements and a curriculum that is custom-made to ensure success, this union will help address the required skills while uplifting our youth to meet international standards”.
Representing Virtusa at the signing of the MOU were Head of HR – Sri Lanka for Virtusa Sampath Thrimavithana, Senior Director – Delivery Asanka Gurusinghe, Director – Technology Mahesh Nithokumar, Head of Campus – HR Suweda Rajaratnam, HR Executive Aniston Leo, and HR Associate Executive Agassi Johnson.
Business
Cabinet approves submission of the Annual Economic Analysis of the Central Bank of Sri Lanka for the year 2024 to the Parliament
The Cabinet of Ministers has approved the proposal forwarded by the President in his office as the Minister of Finance, Planning and Economic Development to submit the Report on the Annual Economic Analysis of the Central Bank of Sri Lanka for the year 2024 to the Parliament.
As per section 80 (3) of the Central Bank of Sri Lanka Act No. 16 of 2023, the Minister in – charge of the subject of Finance shall submit a report on the economic situation which prevailed within the particular financial year, within four months after completion of each financial year. Accordingly, the report in relation to the financial review of the Central Bank of Sri Lanka for the year 2024 has been submitted to the President. The report has envisaged macro economic trends of Sri Lanka, situation of the financial system, as well as the major developments and a review of the policies of Central Bank of Sri Lanka.
[DGI]
Gigalingua Lanka, a premier German language institute, officially launched in Colombo with a ribbon-cutting ceremony attended by distinguished guests, including Dr. Felix Neumann, German ambassador to Sri Lanka. This marks a significant milestone for Sri Lankan professionals, especially nurses, looking to expand their careers in Germany’s thriving healthcare sector.
In collaboration with its strategic partner Global Care Solutions (Pvt) Ltd – a renowned company in the foreign recruitment industry – Gigalingua Lanka offers a unique pathway for Sri Lankan nurses and apprentices to master the German language and pursue rewarding career opportunities in Germany.
Dr. Felix Neumann, the Chief Guest at the event, expressed his support for the initiative, emphasizing the importance of language education as a bridge to global career prospects. In his speech, Dr. Neumann noted, “German language is not only a means of communication, it is a gateway to global career opportunities.” He commended Gigalingua Lanka for providing valuable opportunities for Sri Lankans and addressing the critical demand for skilled workers, especially in the nursing sector in Germany.
Gigalingua Lanka is the first private institute in Sri Lanka to offer comprehensive German language training up to the B2 level, and conduct TELC exam. The institution also provides language training for apprentices, allowing them to undertake the Apprenticeship Program and contribute to the growing labor market in Germany. The collaboration between Gigalingua Lanka and Global Care Solutions is designed to meet Germany’s growing need for skilled workers, particularly in the healthcare sector.
The event was attended by a number of prominent figures, including Dr. Felix Neumann , Arthur Senanayake (chairman of IWS Holdings), Eran Wickramaratne – former MP, Chandra Schaffter – ( Founder of Janashakthi Insurance ), Dhammika Attygalle (Director Upali Group of Companies and President Automobile Association of Ceylon) Former Wing Commander Buwaneka Abeysuriya (Ex- chairman Janatha Estates Development Board).
Chairman of Global Care Solutions, Thomas Michael Kriwat, who is also chairman of the Mercmarine Group of Companies in Germany, highlighted the significance of the new training center. He said, “We are bringing world-class German occupational language training to Colombo, offering a structured, career-focused pathway for Sri Lankan professionals. By introducing TELC (The European Language Certificates) as an officially certified German language test authority, we are increasing accessibility for students seeking internationally recognized qualifications.”
At the thanksgiving speech, Dr. Rajan Sara, Managing Director of Global Care Solutions and Director of Gigalingua Lanka, outlined the critical need for foreign nurses in Germany. “Germany is facing a significant shortage of nurses, estimated to need an additional 150,000 by 2025. This is exacerbated by an aging population and increasing healthcare demands. Over 47,000 vacancies in the healthcare sector remain unfilled, making it an ideal time for Sri Lankan nurses to seize this opportunity,” Dr. Sara explained. (Gigalingua Lanka)
In keeping with its vision to consistently evolve and address accelerated business growth needs, Brown & Company PLC recently unveiled its new state-of-the-art manufacturing and warehouse facility in Katunayake. Strategically located within minutes of the Bandaranaike International Airport and the nation’s rapidly evolving highway network, the space is positioned to significantly enhance Browns’ logistical capabilities. The hub will enable seamless access to key markets across the island, further solidifying the Company’s principal role in a cross-section of industries.
The inaugural event of the Browns Group Industrial Park was attended by Ishara Nanayakkara, Chairman, Brown & Company PLC and Deputy Chairman, LOLC Holdings PLC and Kapila Jayawardene, Group Managing Director/CEO, LOLC Holdings PLC along with key officials from the Browns and LOLC Group.
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