Sept 03, Colombo: A not-for-profit industrial research and development center in Die & Mould technology in Sri Lanka has reported a Rs 6.3 million revenue in its short period of operations due to growing demand from the target manufacturers.
The Die & Mould Facilitation and Development Centre (DMFDC) facilitated by the Ministry of Industry and Commerce has earned US$ 47,637 since its establishment in November 2010 as the demand by Lankan manufacturers for the industry surged, the Minister of Industry and Commerce Rishad Bathiyutheen has revealed.
"Die and mould industry is the mother industry of our manufacturing and the DMFDC's strong performance is also a sign of our good industrial health," the Minister has said in a statement.
The DFMDC, a successful Private Public Partnership (PPP) physically located in the University of Moratuwa, is not profit oriented but focused on research and development.
Along with the Ministry, University of Moratuwa and Die & Mould Makers Association have formed the US$ 1.5 million PPP to serve local manufacturers.
The DMFDC has also trained over 100 Lankan industry personnel in industrial high-tech such as robotics, which if not provided by the DMFDC, should again be sourced from overseas.
The local manufacturers have immensely benefited from the Center, supported by the "Mahinda Chintana" vision, since they do not have to seek overseas service which cost heavily.
"This model is more than a mere PPP success since it is implemented not only with the 35 private sector members of Mould & Die Makers Association, but even the University academia and their research and development" Minister Bathiyutheen has said.
The Center aims to minimize the import of Die & Mould Products and improve the quality of local products while providing facilities to uplift the local industries. It also provides training facilities to both workers and university students on Die & Mould Sectors.