Nagarro SE, a global leader in digital product engineering and technology solutions, completed six months in SriLanka, announcing substantial expansion plans of building a team of over 500 top-tier technology professionals.
Nagarro SE chose Sri Lanka as its first international addition since its debut as an independent, publicly traded company in December 2020 at the Frankfurt Stock Exchange in Germany. It is the 26th country to Nagarro’s rapidly expanding global footprint.
Nagarro serves customers across 13 business verticals, including automotive, banking & financial services, insurance, energy & utilities, life sciences, healthcare, telecommunications, retail, travel, and logistics. Nagarro offers solutions built with deep expertise in AI & ML, big data, cloud, ERP, embedded systems, IoT, quality & test engineering, security, and DevOps.
Even before the pandemic, Nagarro always gave its employees the option of working in diverse remote environments, believing that virtual remote teams are the future of work. With its mission ‘to make distance irrelevant between intelligent people,’ Nagarro believes that intelligent people will bridge the distance between themselves, making distance irrelevant when dealing with clients, partners, and colleagues.
Nagarro hopes to bring this same belief to Sri Lanka by promoting and encouraging hybrid working models, allowing Nagarrians complete freedom of choosing the most convenient mode of work based on the needs of their team and clients. CARING is Nagarro’s core value. It is an acronym for six other core values – Client entric, Agile, Responsible, Intelligent, Non-hierarchical & Global- that are part of the Nagarro DNA, reflecting the unique company culture.
“Although we are a large organization, our primary focus is to be agile and swift by bringing together small high impact teams with a highly technologically driven, flexible, and collaborative approach. And this is where Sri Lanka will play a major role in Nagarro. We find an incredible talent pool in the country and the boutique nature and culture it possesses to build world-class technologies and innovation”, said Manas Fuloria, Custodian of Entrepreneurship in the Organization (CEO) of Nagarro.
Nagarro emphasizes gender equality, with many steps taken to ensure that females make up at least one-third in the management level. One of its notable initiatives is the Glass Window program which focuses on building and recognizing strong female leaders. The company also has uniquely designed hiring programs for women, including its collaboration with ‘Women In Technology’ (WIT).
Nagarro takes a special pledge for working moms and hopes to be the first-choice employer among them. Consistent parental leave policy with paid leave for both parents, return-to-work programs and training, mentoring, virtual courses, and webinars from Nagarro University, the work from anywhere option are a few of the initiatives among many others provided by the company. The Nagarro accelerator growth program (NAGP) offers ample opportunities for any Nagarrian to fast-track their career by seeking more challenging assignments and global exposure. Numerous other skill development, learning, and knowledge-sharing platforms and programs are also available.
Nagarro (FRA: NA9) is a global digital engineering leader with a full-service offering, including digital product engineering, digital commerce, customer experience, AI and ML-based solutions, cloud, immersive technologies, IoT solutions, and consulting on next-generation ERP. Nagarro helps clients to become innovative, digital-first companies through an entrepreneurial, agile, and CARING mindset and delivers on its promise of thinking breakthroughs. The company employs over 10,000 people in 26 countries. For more information, visit www.nagarro.com
‘Dollar reserves in SL plummet drastically, putting the economy in jeopardy‘
By Steve A. Morrell
Sri Lanka’s dollar reserves have declined from $ 7.15 billion in 2019 to $ 2.8 billion currently. The President conceded economic failures although reasons for such failure were not explained, chairman, National Chamber of Industries (CNCI) Canisius Fernando said.
Fernando added recently at a forum: “Forex reserves are insufficient to expedite payment of import bills. More so that cost incurred on container traffic for imports and or exports was on a rising spiral. In comparison to cost of container shipping recorded at $ 2,800 earlier, it is now $ 12,000, indicating a rise in multiples of 250.
“Additionally, the Generalized System of Preferences (GSP +) affecting our trade with EU countries, placed Sri Lanka’s reputation at a risk, meaning that countries could veer away from Sri Lanka prompted by a possible inability to honor our trade commitments. The clear example being trade with the US. Rather than await goods and services transactions with Sri Lanka, that could invariably take three months, US economists and their trade sector opted to transact trade with countries in close proximity to US shores.
“Dearth of container traffic and rising cost for on- loading and off- loading of cargo seriously affect trade imbalances. Consequently, the credit worthiness of the Sri Lankan economy is affected, which in turn seriously affects the GDP.
“Worker wages which were static because of trade shut- downs caused demands for increased wages. Wage demands of Rs 1,500 from employees became a major phenomenon in most sectors. The question at issue was the hypothetical position of business establishments of about 4000 employees demanding increased wages. This would cause closure of those companies resulting in unemployment.
“The proverbial domino effect of such repercussions would cause further chaos in the economy.
“There was no proper policy in most sectors. Suspension of the import of fertilizer and consequent confusion would, in the short run, result in famine and food shortages. Already this was evident in the public panic caused by having to stand in line to purchase essentials. That the crisis is upon us and the question of a quick solution is not feasible in the current context of the economy.
“Foreign investors are lured by the possibility of cheap labour in Sri Lanka to establish their businesses here, but in this instance too, this is only a hypothetical situation but not the reality.”
Supuni Products gives back by way of welfare initiative, helps to uplift the needy patients with chronic illnesses
Supuni Products first started in 2016 when the business proprietor, Supuni Lakmalie along with her husband only had Rs. 150 as investment. With that small amount, they purchased kollu (lentils) and kurakkan and ground them using a grindstone. This was the beginning for them and today, Supuni Products is a booming enterprise that specializes in ground spices and cereal, operating from the town of Nildandahinna, Walapane. Their products are of very high quality and 100% natural and consists of 15 different spice and cereal products including chilli, coriander, turmeric, pepper, curry powder, kurakkan, lentil (kollu) etc.
In 2018, Supuni Products received the opportunity to supply kurakkan flour and cereal to be included into the Poshana Malla, which is a nutrition package prepared for pregnant women, instigated by the government. The success of their business was such that they were able to gain an equity of over Rs. Four million during the past three years.
As part of a welfare initiative, they have also pledged to allocate one rupee for every kilogram of product sold, towards supporting patients with financial difficulties and require emergency surgery and for those with chronic diseases. While having had to run a business in the confines of their own home, the grant offering they received from the enterprise project allowed them to complete construction work of their new factory. She now hopes to expand the business, improve their supply chain, and create new employment opportunities.
Dialog Enterprise offers Dell Technologies Cloud IaaS in Sri Lanka
Dialog Enterprise, the corporate solutions arm of Dialog Axiata PLC, is working with Dell Technologies Cloud Solution Provider (CSP) in Sri Lanka to offer Dell Technologies Cloud Infrastructure-as-a-Service (IaaS) solutions to customers to innovate and scale rapidly, reduce costs and increase performance of business-critical infrastructure.
“Together, with our combined forces, we bring the only hybrid multi-cloud partnership in the country, giving access to private clouds as well as to our existing public cloud, and for on-premises infrastructure, robustly powered by Dell Technologies and VMWare. Envisioning a one-stop multiservice solution for all enterprise requirements, we strive continuously to keep to the changing landscape strengthening the cloud play in the arena,” said Navin Pieris, the Vice President – Enterprise Business and Large Enterprise Sales, Dialog Axiata PLC.
Rather than making capital investments in hardware, storage and servers to maintain them, enterprises can harness and scale IaaS resources when needed, paying only for infrastructure services they consume. Mitigating and allowing for any threat of data loss, the cloud partnership also offers cyber recovery as a service with a guaranteed uptime of 99.95%, end-to-end management of data centers and 24×7 support with zero operational burden on the customer. Ensuring the same standardization, self-service, automation and analytics capabilities that exist in the public cloud, the partnership facilitates secure private clouds for customers along with servers, storage and customized enterprise, private and/or public cloud solutions as required by enterprises.
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