Global economic crisis:
Nanotechnology, an answer? - Snr. President FCCISL
Nanotechnology could be one of the answers to the global economic
crisis by way of Nano capsules for pesticides, fertilizer, agro
chemicals lighter, stronger and heat resistant food packaging with
silicate nano-particles, said Senior President FCCISL Tissa Jayaweera.
He was addressing a seminar on ‘Nanotechnology for National
Development’ at the NSF Auditorium in Colombo yesterday.
He said that it is assumed that unless industrialists come up with
innovative products the markets will not be sustainable.
Commercial progress in Nanotechnology requires standards, based on
science and engineering and it is important to network with all
stakeholders to promote initiatives and technology to the industry to
Therefore, research reports should be available and promoted in the
industry, he said. Prof. Ajith de Alwis of the Sri Lanka Nano Technology
Institute (SLINTEC) who spoke on “Global Trends:
Nanotechnology Applications in Food and Agriculture said that there
are over 600 nano food products available in the market worldwide and
the nano food market has been soaring from USD 2.6 billion in 2003 to
USD 5.3 billion in 2005. It is expected to reach USD 20.4 billion in
At present more than 600 companies around the world are active in
research, development and production. USA is the leader followed by
Japan and China. By 2015 Asia, with more than fifty percent of the
world’s population, will become the biggest market for Nanofood with
China in the leading position, Alwis said.
He regretted that Sri Lanka is far below the line in exposing
nanotechnology and not delivering value for Sri Lankan economy.
Veranja Karunaratne of SLINTEC said that Sri Lakan scientists can
make a massive difference in National Development by helping to exploit
good technologies. She said that Nanotechnology is still in its infancy
state and big breakthroughs may appear in any nation at any time.
However, it should be implemented with care in synergy with the
environment and life cycle analysis.
The Sri Lankan Government through SLINTEC and NANCO has supported
nanotechnology technopreneurship, she said.
* The basic advancements in
science and technology come about twice a century and lead
to massive wealth creation in the fields of textiles, rail
road, automobile, computer and in nanotech in the future
creating an industrial revolution and information
* Nanofood applications
estimated at USD 410 million in 2006, food processing USD
1000 Million, food ingredients USD100 million, and food
packaging USD 210 million. tBy 2012 - Proposed to reach USD
5.8 billion, food processing USD 1303 million, food
ingredients USD 1,475 million, food safety USD 97 million
and food packaging USD 2,930 million.
*Chinese Government budgeted
two billion Yuan for nanotech projects between 2003 and 2007
aiming at nano leadership. It had more than 300 enterprises
in the nanotech sector, and more than 7,000 scientists
engaged in R and D.