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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 973

Sri Lanka acquires patent rights for 5 Nano-technology products

A.A.M.Nizam in Colombo
Colombo, 26 April, (Asiantribune.com):

A Sri Lankan private-public sector partnership has been able to acquire five international patents in nanotechnology in its first year of operations in a drive to commercially exploit the technology.

International patents acquired in 2010 by the Sri Lanka Institute of Nanotechnology include carbon nanotubes, nano fertilizer and nano rubber. This compares with Sri Lanka’s past record rate of 1-1.5 international patents a year.

The Central Bank of Sri Lanka states that the government is trying to improve research and development and allocated funds and gave tax breaks in its last budget. The Bank informs that field testing has already commenced as the first step to commercializing some of these products.

Research and development in nanotechnology is being done in the sectors of textile and apparel products, the island's main industrial export, as well as it rubber-based products, fertilizers and mineral products like graphite and limonite.

Central Bank sources said that the textile and wearing apparel sector promise "immense potential" in making gains with the use of nanotechnology in its products as well as in the production mechanism. Accordingly, research and development has been carried out on nano textiles to be manufactured in Sri Lanka.

The Bank further said that the use of nanotechnology in reducing the carbon footprint of garment manufacturing and also in garments' dyeing processes, are also currently in the stage of development for commercialization.

Another typical use of nanotechnology, the manipulation of matter on an atomic scale that can have a favorable economic impact on Sri Lanka is nano fertilizer which can be used in commercial crops. Nano fertilizer which is currently being field tested has a unique characteristic of high absorption efficiency which would result in lower fertilizer quantities required per arable unit of land."

Similarly, the export of nano carbon tubes and nano titanium dioxide in place of the raw minerals that are exported currently has potential to increase export earnings of Sri Lanka.

- Asian Tribune -

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