Techno City will spearhead huge increase in GDP: Ranawaka

23 September 2016 09:39 am - 15     - {{hitsCtrl.values.hits}}


Innovative technology was the only way to increase GDP, and the Techno City, which was to be built soon at a cost of nearly Rs. 20 billion, would play a major role in achieving this goal, Minister Patali Champika Ranawaka emphasized.

“Usually, we need to invest 4.5 per cent of GDP to achieve a one per cent increase in GDP. But if we invest that amount in innovations, we can increase the GDP in a much more effective manner. We can expect an increase of upto 8 - 9 per cent,” he said.

Commenting on the Techno City that was to come up soon, the minister said a Mega Urban Zone would be developed starting from the Kahathuduwa entrance and expanding upto the Kaduwela entrance of the Southern Expressway. “The new zone would provide employment opportunities in the fields of nano, gene, bio, atomic and space technology as well as the widely popular information technology (IT). All universities and technical colleges will be brought here and we will develop the city with all facilities for professionals to engage in these fields, including housing facilities,” he said.

He assured that the project would have no vested interests. “This innovative city is not a ‘Maithri City’ or a ‘Wickremesinghe City’. This is a project based on the policies of the government and not based on the whims of certain individuals,” he said.

Minister Ranawaka said the University of Moratuwa, Science, Technology and Research Ministry and Arthur C Clark Institution for Modern Technologies would invest a total of Rs. 19,796 million (nearly Rs. 20 B) in the projects associated with the Techno City in its first phase.(Lahiru Pothmulla)

  Comments - 15

  • Chux Friday, 23 September 2016 10:44 AM

    Pls goahead and do it we badly need this to compete in the world

    blackparrot Friday, 23 September 2016 10:53 AM

    Wonderful project, the Nobel Prize winners will come out like on a conveyor belt. That is a real progress and everybody will be happy

    Braveheart Friday, 23 September 2016 10:54 AM

    techno city? Nonsense

    Sandun Friday, 23 September 2016 11:32 AM

    While the vision is laudable, I wonder if they have thought beyond mouthing slogans about human capital available. Vast majority of human capital in Sri Lanka is engaged in two of our favorite pastimes, sitting idly by the roadside and staring at passerby, under the pretext that they are driving three wheelers.

    kan Friday, 23 September 2016 11:45 AM

    Techno-city, good but not at the cost of environment.

    Mad john Friday, 23 September 2016 01:30 PM

    Looks he's having day dream

    Beggar Friday, 23 September 2016 01:48 PM

    Increasing GDP with widening of gap between haves and havenots is ridiculous via DM Android App

    redflame Friday, 23 September 2016 02:02 PM

    irrespective of any politics, how many projects has been launched but has a single so called project kick started. The whole development is stagnating. We are fed up with these "surangana katha".

    Nihal Amarasekera Friday, 23 September 2016 02:24 PM

    I really don't know the pros and cons of the matter but it really sounds magnificent. I can only wish success in the name of future generations.

    nathan Friday, 23 September 2016 03:36 PM

    This is not to be another fiction story.Make at least a real reality.

    shantha Friday, 23 September 2016 03:58 PM

    We were told we would have smart cards on public transport that Singapore and Hong Kong have had for twenty five years but these countries have educated tech savvy citizens and we don't?

    Selvyn Friday, 23 September 2016 05:18 PM

    As usual he makes a lot of noise but we hardly see anything productive via DM Android App

    Chinthaka Friday, 23 September 2016 10:08 AM

    Dream, dream, dream---all I do.

    Nipuna De Silva Friday, 23 September 2016 10:25 AM

    Hopefully wetlands in the area will be preserved during constructions. Don't let the techno city to get washed away with the next monsoon.

    Roman Friday, 23 September 2016 10:34 AM

    I hate to say this, but for some reason it all sounds like 'surangana katha'

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