Sri Lanka 's first Nanotechnology research center and Nanoscience park was declared open by President Mahinda Rajapaksa on October 21.
It was constructed in a 50 acre land in Pitipana, Homagama in Colombo district with an investment of Rs. 2,081.5 million, of which the government's investment was Rs 1,771.5 million, with the private sector investing Rs 310 million. MAS, Brandix, Dialog, Heyleys, Loadstar and Lankem are the private stakeholders of the project. The NCE aims to produce new products based on natural materials suitable for the competitive world market, and to implement research and development programmes to identify and solve local and international issues in the fields of agriculture, health and water purification etc.