ECONOMYNEXT – Sri Lanka will establish a new technology university in Kandy, and expand the capabilities of other higher education institutions, president Ranil Wickramasinghe said in his budget speech in parliament today.
“A new Technology University will be established in Kandy under the guidance of IIT University in Chennai, lndia,” Wickremesinghe said during the 2024 budget reading in parliament today.
The Indian Institute of Technology (IIT) are centrally funded technical institutes located across India, owned by the Ministry of Education of India.
“India will fully support us in this endeavor,” Wickremesinghe said.
In addition, the government “will take steps to establish four new universities considering the current trends for the technical sector,” he said. These are:
(i) Seethawaka Science and Technology University (Lalith Athulathmudali Post Graduate Institute will be incorporated to this University)
(ii) Kurunegala Technology University under the Kothalawala Defence University
(iii) Management and Technology University
(iv) International University of Climate Change
“Also, I propose that the rules and regulations should be adopted to convert the following private higher education institutions that are currently in operation into universities:
(vi) Sri Lanka Institute of Information Technology (SLIIT)
(vii) Horizon Campus
(viii) Royal Institute
Wickremesinghe pointed out that as per the 13h Amendment, provincial councils have been empowered to establish universities.
“We expect that provincial councils will also establish universities in the future.”
The island nation has faced strong resistance for private universities as leftist politicians, Marxists and state university students, have protested against the move citing that the move will compromise the quality of education offered.
That has led to thousands of students leaving the country to go to foreign universities for higher education. The move also has resulted in an outflow of foreign exchange. (Colombo/Nov13/2023)