Despite the fact that Sri Lanka basically is one of the lower middle-income developing countries, Sri Lanka tenders offer substantial business opportunities for entrepreneurs from overseas. Of course, the political situation is a bit turbulent and it is a drawback. Yet many Sri Lanka tenders are floated at regular intervals in various product and services sectors that offer good scope especially for medium enterprises for making handsome profits.
Movement towards Market Based Economy
Reasons for Sri Lanka tenders offering substantial opportunities for entrepreneurs is that the country is slowly but steadily moving towards a market based economy. In result foreign investments as well as exports are getting sufficient encouragements. That is also the reason for many bidders coming forward in responding to Sri Lanka tenders in various categories.
Statist Policy of Business Promotion
These days the government of Sri Lanka is following a statist policy. In result number of Sri Lanka tenders is coming up in the field of training and orientation of civil servants, in the field of agriculture and allied services, and various others. However, the ownership of all these areas continue to remain with the government as privatization is severely restricted in the country. While the authorities retain the ownership and management of concerned enterprises, Sri Lanka tenders in these fields are floated for procurement of materials, services, and consultancies.
Sri Lanka Tenders by Categories
Opportunities provided by Sri Lanka tenders by categories are available in the following fields in the product categories.
Sri Lanka tenders in construction works.
Pharmaceuticals as well as medical supplies.
Transmitter equipments.
In the services categories, Sri Lanka tenders relate mostly to –
Architectural planning and designs;
Legal;
Construction works;
Accounting; and
Business sectors.
Other Sri Lanka Tenders
Other areas in which Sri Lanka tenders are also floated include the following fields.
Clothing and footwear.
Electrical machineries, apparatus, consumables, and equipments.
Sri Lanka tenders on fuels like gas, and lubricants.
Fabricated products and materials.
Forestry and logging.
Appliances and control equipments.
Metals and associated products.
Automobile industries.
Office equipments and stationeries and computer related articles.
Printing and publications.
Rubber, plastic, and film products.
Transport equipments.
Telecommunication and radio related items.
Software services in the service sectors.
Limited Yet Good Opportunities
Compared to some other developing and developed economies, Sri Lanka and so also the Sri Lanka tenders offer fewer opportunities. However, even the limited offers provided by the Sri Lanka tenders could be very profitable opportunities for overseas entrepreneurs. Despite the risks involved due to somewhat turbulent political scenario in the country Sri Lanka tenders can be good to respond if the entrepreneur acts with a little care and caution.
It is all about taking calculated risks to gain in business.