Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Die & Mould center of Sri Lanka reports a revenue of 6.3 million rupees
Mon, Sep 3, 2012, 09:26 pm SL Time, ColomboPage News Desk, Sri Lanka.

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.



ColomboPage - Recent 10 Stories
British authorities arrest Sri Lankan couple for visa application fraud
-- [6 minutes ago]
Sri Lankan government to amend Tea Act to impose hefty fines on unscrupulous tea traders
-- [20 minutes ago]
Supplementary medical staff of Sri Lanka government hospitals to strike from August 08
-- [38 minutes ago]
Australia to transfer Sri Lankan asylum seekers from boat to detention center in mainland
-- [3 hours ago]
Momentum building up in Sri Lanka for abolition of executive presidency
-- [4 hours ago]
Tamil Nadu CM urges Indian PM to give visa to UN team probing Sri Lanka
Sri Lanka condemns loss of civilian lives in Gaza
Sri Lanka progressively improves in human development
Coalition party of Sri Lanka ruling alliance likely to contest Uva PC separately
Sri Lanka's Central Bank enters into an investment agreement with Reserve Bank of India

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.