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| Sunday, 6 October 2002 |
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Business |  |
| News Business Features Editorial
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Private sector-funded R&D for tea industry The tea industry together with the University of Moratuwa is taking steps to promote private sector-funded research and development. An agreement was signed recently to begin work on an industry-funded project at the university's Engineering Design Centre Vice Chancellor Prof. Dayantha Wijesekera signed on behalf of the university and Vice Chairman of The Planters Association of Ceylon Rohan Fernando signed on behalf of the industry. The project is being funded through a Memorandum of Understanding between two industry bodies - the Planters' Association of Ceylon and a trust under the aegis of the Colombo Tea Traders' Association. Speaking at the signing ceremony, Fernando said: "This is the first time in the tea industry's recent history that such an agreement has been signed. Upgrading technology application within the industry is imperative if we are to sustain our position as the leading exporter of quality teas to the world in an increasingly competitive environment". |
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