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June 22nd, 2008
The Board of Investment (BOI) has signed an agreement with the Sri Lanka Institute of Nanotechnology to undertake research and development in nanotechnology for value addition and provide for export oriented manufacturing. On behalf of the Sri Lanka Institute of Nanotechnology, Ashroff Omar (Chief Executive Officer Brandix Lanka) and Mr. A. N. R. Amaratunga (Secretary, Ministry of Science and Technology) signed the agreement.
This project is an investment of US $ 4.2 million and is sponsored by National Science Foundation, MAS Holdings, Dialog Telekom, Hayleys PLC, Brandix Lanka and Loadstar. The venture will be located at the Biyagama Export Processing Zone. In a press release, the BOI said six new agreements have been signed at a total investment of US$ 15.5 million. They include the agreement with New Medicare Hospitals to establish a hospital with state of the art medical equipment.
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