IDB and PRISL sign MoU

A Memorandum of Understanding (MoU) was signed recently between the Industrial Development Board (IDB), Moratuwa, the prime State organisation 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.