Government of Sri Lanka in partnership with the private sectors plans to build a Nano-Tech park on a 50-acre land in Homagama, at the southern part of its commercial capital Colombo. This project will engage an investment of US $55million.
The project is likely to take five years to complete, according to Minister of science and Technology Thissa Witharana.
A temporary laboratory is already being set up, and Witharana says the country could be developed to larger extent if available raw material can be used more efficiently.
Ravi Silva, a nanotechnology expert said that Sri Lanka Institute of Nanotechnology will jointly work with local Universities and the National Science foundation (NSF), to create a task force to operate the technology park.
Silva also says the Nanotech business across the world is estimated to engage over a trillion US dollars and would provide the much needed revenue to the Sri Lankan economy.
Of the Sri Lankan GDP, 0.14 percent or US$ 40 million is spent on research and development, compared to the USA where over four Billion Dollars is spent.
Fibre2fashion News Desk - Sri Lanka
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