Srilanka, July 20 -- The Sri Lanka Association of Software Services Companies (SLASSCOM), a driver of innovation, knowledge and growth for the IT industry, targets US$5 billion in revenue in the coming years for which it foremost needs an enabling environment for innovation and investment -through regulatory reforms, infrastructure development, incentives for investment for existing businesses and attract new investments.

Shehani Seneviratne who took over as the new Chairperson of the Association last week said the industry also needs to offer high value services and have new companies setting up operation in Sri Lanka to achieve the US$ 5 billion target.

She said the Association needs to look at current markets as well as explore new one...