header logo
Asia asset finance
Mogo Academy
Latest
Sri Lanka aims to produce 80% of medical supplies within 5 years - Health Minister
Nov 17, 202106:34 PM
Sri Lanka aims to produce 80% of medical supplies within 5 years - Health Minister

Health Minister Keheliya Rambukwella says that Sri Lanka is expecting to manufacture 80% of the country’s medical supplies within the country itself within the next five year. 

 

The minister revealed this while addressing a gathering during the opening ceremony of a state-of-the art modern manufacturing facility for medical consumables and devices by Flexicare Lanka (Pvt) Ltd., a fully owned subsidiary of Flexicare Group, UK.

 

It is envisaged that over 90% of the production will be exported bringing in significant foreign exchange to the country and well as providing employment.

 

The minister said this is the first time that a full-fledged facility has been established for medical consumables with the view of export and significant amount of products manufactured and cater to the healthcare industry in Sri Lanka. 

 

“I am also proud this is one of the areas where ‘Vistas of Prosperity’ very clearly indicated and in the manifesto we say that we are looking at manufacturing all medical supplies as far as possible with the support of the Board of Investment (BoI).”

 

“I think we are looking at a different level today. We are inviting all investors from all quarters to come and invest in Sri Lanka and particularly in the health sector.” 

 

“As of now our targets are very ambitious. In fact we looking at about 80% medical supplies to be produced in Sri Lanka within the next 05 years,” he said. 

 

He said the Finance Minister has allocated funds from his latest budget towards that end and that the BoI will take a major share of it. “I have no doubt that it will be a success at the end of the period we have stipulated.”  

 

 

 

MostRead
Mobitel 5g
VideoStories
Sugeeshwara Bandara arrested over allegations of misappropriating state funds

Sugeeshwara Bandara arrested over allegations of misappropriating state funds

'No one can influence public appointments'  Govt denies officials appointed at Cardinal’s request

'No one can influence public appointments' Govt denies officials appointed at Cardinal’s request

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Political debate intensifies over Suresh Sallay detention and CID conduct

Political debate intensifies over Suresh Sallay detention and CID conduct

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

 Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

 “Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

“Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

 Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

CID informs court of probe into contempt allegations against six persons including ex-Ministers

CID informs court of probe into contempt allegations against six persons including ex-Ministers

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

El Niño expected to gradually impact Sri Lanka, experts warn

El Niño expected to gradually impact Sri Lanka, experts warn

Lassana Flora