Mar 16, 2017 (LBO) Sri Lankas cabinet has agreed to establish the Biotechnology Innovation Park in the Nanotechnology Park in Pitipana, Homagama as a public-private partnership project. <\/p>\n
This years 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. <\/p>\n
Apart from the land, the government will also allocate utilities such as electricity and water for the proposed facility. <\/p>\n
Global market for biotechnology is estimated at over 453 billion US dollars in 2016 with an annual growth of over 10 percent. <\/p>\n
In 2013, Sri Lankas 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. <\/p>\n
Potential Sectors for Sri Lankan Biotechnology Industry Development <\/p>\n
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. <\/p>\n<\/p>\n
<\/p>\n
See the original post: Mar 16, 2017 (LBO) Sri Lankas cabinet has agreed to establish the Biotechnology Innovation Park in the Nanotechnology Park in Pitipana, Homagama as a public-private partnership project. Continue reading
\nSri Lanka wants Rs100mn Biotechnology Park in Homagama ... - Lanka Business Online<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"