Sri Lanka exporters get support for R&D
ECONOMYNEXT – Exporters will get support to develop new products under a deal between the Export Development Board (EDB) and the Sri Lanka Institute of Nanotechnology, a top research and development outfit.
Under the agreement, the EDB has provided space to SLINTEC to open a satellite office at their headquarters in Nawam Mawatha.
SLINTEC will also conduct a weekly ‘Science Clinic’ to enable exporters to discuss their main concerns and drive new innovation to their current product range, a statement said.
“The EDB encourages the exporters to utilize the facilities being offered and to seek assistance from SLINTEC where necessary,” it said.
The EDB said it will also consider providing financial assistance to exporters to carry out research and development on ‘high impact’ projects.
SLINTEC chief executive Harin de Silva Wijeyeratne said SLINTEC’s presence at the EDB will provide access to key science and engineering resources in a timely manner to support the EDB’s initiative to grow exports.
“Our way forward in exports is to go beyond the primary and traditional exports basket to innovative new products exported from Sri Lanka,” said Indira Malwatte, Chairperson of EDB.
SLINTEC is a public-private partnership between the government of Sri Lanka and major private sector firms, MAS Holdings, Brandix, Dialog, Hayleys, Loadstar and Lankem.
(Colombo/January 18, 2016)