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Sri Lanka proposes Rs100 mn biotechnology park in Homagama


Sri Lanka’s cabinet has decided to establish the Biotechnology Innovation Park in the Nanotechnology Park in Pitipana, Homagama as a public-private partnership project.

By Team ABLE

Sri Lanka’s cabinet has decided to establish the Biotechnology Innovation Park in the Nanotechnology Park in Pitipana, Homagama as a public-private partnership project.

Sri Lankan government has allocated Rs 100 million 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.

Potential Sectors for Sri Lankan Biotechnology Industry Development
-- Enzyme: food, detergent, garment etc. Synthetic biology
-- Pharmaceutical: Vaccines( including recombinant), anti-venom, antibiotics, herbal product drug delivery mechanisms etc.
-- Medical diagnostics : Genomics, regenerative medicine etc.
-- Tissue engineering : production of cell lines
-- Bioinformatics Clinical trails Bioenergy
-- Neutraceuticals and therapeutics
-- Bio-products : bio-fertilizer, bio-pesticides etc
-- Marine biotechnology : medicinal, food, chemical
-- Environmental biotechnology : waste management
-- Agriculture Biotechnology : crop improvement – molecular breeding, biotech crops etc.
Source: Lanka Business Online