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July 20th, 2007
Sri Lanka's government, private sector to set up nanotech park
The Sri Lankan government's five-year project to develop a nanotechnology science park will help the country's main industrial sectors to compete with global players that already use the technology.
The 5-year 55 million dollar (5.5 billion rupee) project will be funded through a Public-Private Partnership in which both parties will contribute equal sums of money.
A 50-acre land has already been chosen for the park in Homagama, south of Colombo. Leading firms in the apparel, agriculture and other main industrial sectors have pledged support to develop the park, Tissa Vitharana, Minister of Science and Technology said.
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