BOI Project to set up world's first Nano Technology Park

25 Aug '08

2 min read

The Board of Investment of Sri Lanka has signed an agreement with Nanco to develop and manage the world's first Nanotechnology Park which is expected to commence operations in November. Nanotechnology is a rapidly growing field of applied science where matter is controlled at an atomic or molecular scale.

Mr. Dhammika Perera, Chairman / Director General signed the agreement on behalf of the BOI and formally presented the investor with the BOI Certificate of Registrations.

The Nanotechnology Park, located at Homagama is an investment of US $ 10 million and will generate around 1500 employment opportunities. Mr. A. N. R. Amarathunga (Secretary, Ministry of Science and Technology) and Mr. Mahesh Amalean (Chairman, SLINTec and Chairman, MAS Holdings) signed the agreement on behalf of the company. Professor Sirimali Fernando, Chairperson on the National Science Foundation and Professor Ravi Silva (Director of Advanced Technology Institute of the University of Surrey) were also present at the occasion.

Examples of Nanotechnology include the manufacture of polymers based on molecular structure and the design of computer chip layouts based on surface science. Nanotechnology will produce benefits in two ways by making existing products and processes more cost effective, durable and efficient and by creating entirely new products.

Professor Ravi Silva said “The project will infuse Nanotechnology into the Sri Lankan industrial sector and make Sri Lankan products world leading and competitive. Nanotechnology can be used to enhance most of the industrials products such as rubber products, apparels and energy”.

He explained that the Nanotechnology centre will develop new products and create intellectual products that can be exploited while the Park will house the manufacturing plants for local and foreign inward investors.

Board of Investment of Sri Lanka