IDB signs MoU with PRISL | Daily News

IDB signs MoU with PRISL

The executives of both IDB and PRISL at the event after the signing of the Memorandum of Understanding between IDB and PRISL at Peliyagoda.
The executives of both IDB and PRISL at the event after the signing of the Memorandum of Understanding between IDB and PRISL at Peliyagoda.

A Memorandum of Understanding (MoU) was signed on February 21, between the Industrial Development Board (IDB), Moratuwa, the prime state organization entrusted with the responsibility in developing and promoting Small and Medium Industries sector in the country and the Plastics and Rubber Institute of Sri Lanka (PRISL) Peliyagoda, whose main task is the development of rubber products and specially responsible in developing the Polymer industry in Sri Lanka.

This MoU focuses on comprehensive assessment of technology needs, identification of gaps and implementation of programs to fulfill the identified gaps for Small and Medium Industries in Sri Lanka. The MoU signing ceremony took place at the auditorium of the Rubber Products Development and Service Center at Peliyagoda in close proximity to the economic hub, Colombo.

The IDB Chairman, Mahinda Jinasena, the IDB Director General, P.L.U. Rathnamalala, Dr. Ashan Amarasinghe, Chief Executive Officer, Centre of Excellence for Robotic Applications, Mohan Gunasinghe, Director, Technical Services Division of the, IDB were present to mark the event of historical importance. Among those present at the occasion included PRISL President, K.W.M.T. Pringiers, Vice President, I.K. Rajapaksa, Secretary, Sampath Ramanayaka and along with PRISL officials.


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