DSI Group with University of Moratuwa Establishes R&D Unit for Rubber Products following PPP Incentives in Last Budget

23rd December, 2010, www.island.lk

DSI Samson Group recently signed an agreement, with University of Moratuwa and Uni-Consultancy Services to jointly establish a Research and Development unit for Rubber based Products and Process development. The event took place at the University of Moratuwa on 16th December 2010.

DSI Samson Group is a well established diversified Sri Lankan conglomerate and a leading manufacturer and exporter of rubber based products.

The company is aiming at developing its research facility base to compete successfully with the competitors in the international market.

"Government of Sri Lanka has given attractive incentives to the private sector to carry out Research & Development projects through recent budget proposals and we are very keen on getting the best out of the opportunity" said Kulathunga Rajapaksa, the managing director of DSI Samson Group.

He further added that rubber based product manufacturing industry contributes to approximately 5% of the total export revenue of Sri Lanka and the competitiveness of the industry can be improved through Public Private Partnership.

Steep increase in rubber prices during the current year has made the Sri Lankan rubber products highly un-competitive in the global market.

Research and development plays a vital role in maintaining the competitiveness of the local rubber products manufacturers in terms of cost reduction and quality improvement.