VATIS UPDATE Article

The government of Sri Lanka has agreed to establish the Biotechnology Innovation Park in the Nanotechnology Park in Pitipana, Homagama as a public-private partnership project. This year’s budget allocated 100 million rupees for the establishment of this facility which will provide facilities mainly for companies engaged in the pharmaceutical industry and genomics.

Apart from the land, the government will also allocate utilities such as electricity and water for the proposed facility. In 2013, Sri Lanka’s first ever Nanotechnology and Science Park was commissioned in Homagama with the government investing over 2 billion rupees and six private companies cumulatively investing 310 million rupees.