Sri Lanka to modernise the plastic sector with $ 1.75m

Sri Lanka's plastic industry will get a boost when the Ministry of Industry and Commerce and UNIDO will launch a national initiative to upgrade it.

"As our per capita plastic consumption is set to increase from six Kg to eight Kg and plastic has become an indispensable item in our lives and manufacturing, I believe this is the right time to strengthen this sector and we are launching a national initiative with UNIDO which aims to increase production and income volumes by almost 40 percent" said Minister of Industry and Commerce ,Rishard Bathiudeen.

Minister Bathiudeen said that this decision was taken after an in-depth Study and presentation to the Minister by the visiting International Centre for Advancement of Manufacturing Technology (ICAMT) delegation.

The ICAMT is the ISO 9001:2008 certified International Technology Centre operated by UNIDO and is in Bangalore, India. The ICAMT delegation was meeting Minister Bathiudeen as part of Colombo UNIDO's initiative to upgrade and modernise Sri Lanka's plastic industry technology. "The initial project value is $ 1.75m and we want to go into a detailed assessment of our plastic sector before commencing the modernization assistance" said UNIDO National Director for Sri Lanka, Nawaz Rajabdeen.