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“Sri Lanka can strengthen its position in the Global Market through new product development” – President
President Anura Kumara Disanayake emphasized that Sri Lanka can enhance its position in the global market through a robust new product development strategy, which will also create new market opportunities. He made these remarks today (08) during the official launch of the “National Initiative for R&D Commercialization” held at the Presidential Secretariat.
As part of the initiative, the newly developed website nirdc.gov.lk was also launched. This platform aims to facilitate the commercialization of research and development, thereby contributing to sustainable economic growth through the production of value-added goods and services, which will ultimately drive national economic development and social progress.
The President pointed out that while grassroots-level innovators do emerge in Sri Lanka, there has been a lack of adequate mechanisms to properly support, nurture, and commercialize their ideas. He stressed the need to create an enabling environment for free and innovative thinking, backed by an efficient system to channel these ideas into productive outcomes. With such a framework in place, Sri Lanka can transform itself into a hub of innovation.
Historically, the country has allocated a mere 0.12% of its annual GDP for research and development. Despite Sri Lanka’s abundance of natural resources, there has been limited focus on utilizing research to generate economic benefits. However, with the new government in place, a significant number of local and international investors have shown keen interest in investing in Sri Lanka. The government aims to capitalize on this momentum by efficiently managing investments to spur economic growth without delay.
The recently established Ministry of Science and Technology has already begun implementing a long-term, well-structured R&D strategy. The immediate priority will be to convert near-complete or completed research projects into marketable, value-added products and services, providing a quick boost to the economy.
To support this effort, the “National Initiative for R&D Commercialization (NIRDC)” has been established, chaired jointly by the Secretary to the President, Dr. Nandika Sanath Kumanayake, and Senior Advisor to the President, Prof. Gomika Udugamasooriya. The initiative includes a committee comprising experts from diverse fields such as scientific research, industry, economics, law, arts, and indigenous heritage.
During the event, President Disanayake highlighted that while human needs remain constant, the methods of fulfilling those needs evolve. He noted that innovation and new product development are key to shaping those new methods.
Addressing past shortcomings, the President observed that Sri Lanka’s outdated approach to technology and innovation has hindered its ability to compete in the global market. Despite technological advancements driving a shift in global market trends, Sri Lanka remains trapped in traditional sectors like tea, coconut, and rubber.
President Disanayake further underscored that globally leading companies have succeeded by integrating innovation with technology, noting that five out of the world’s top ten companies are technology-based.
He pointed out Sri Lanka’s past neglect of technology as a key economic driver, contrasting it with developed countries that prioritized technological advancements and achieved significant economic growth.
The President concluded by stating that eradicating poverty is essential not only to eliminate social suffering but also to restore the rights of marginalized communities. He asserted that through innovation, the rural poor can be empowered by ensuring their right to economic participation and access to information, which will ultimately improve their quality of life.
Expressing his views, Senior Advisor to the President, Prof. Gomika Udugamasooriya stated:
Up to now, research and development (R&D) outcomes in Sri Lanka have not been effectively integrated into the economy. Under this new program, efforts will be directed towards commercializing R&D, enabling economic growth and fostering social development to build a sustainable economy.
The event was graced by a distinguished gathering, including Prime Minister Dr. Harini Amarasuriya, Ministers Sunil Handunnetti and Wasantha Samarasinghe, Professor Anil Jayantha Fernando and Professor Chrishantha Abeysena, Deputy Ministers Chathuranga Abeysinghe, Secretary to the President Dr. Nandika Sanath Kumanayake, Central Bank Governor Dr. Nandalal Weerasinghe, Senior Additional Secretary to the President Russel Apponsu, university vice-chancellors and representatives, heads of state and private research institutions, investors, entrepreneurs, industrialists, and senior executives from banks and financial institutions.

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Patidar leads the way as Royal Challengers Bengaluru storm into second straight final
Rajat Patidar led defending champions Royal Challengers Bengaluru (RCB) into the final with the quickest innings of 90 or more in the IPL, scoring a delightful unbeaten 93 off 33 to take his team to 254 for 5, the highest total in an IPL playoff, against the best attack of the tournament, Gujarat Titans (GT). Having finished in the top two, GT still have a chance to make the final at their home ground in Ahmedabad in Qualifier 2 as they await the winner of the Eliminator between Sunrisers Hyderabad and Rajasthan Royals. The last eight IPLs have been won by the side winning this fixture: Qualifier 1.
Asked to bat first in chase-friendly Dharamsala, RCB came out full of intent and skill despite missing the injured Phil Salt, but GT nearly snuck back in with a period of 22 balls, 18 runs and two wickets of set batters in a single Jason Holder over. In the time that Patidar scored 93 off 33, the other end, including extras, produced 68 off 37 legal deliveries.
Having never scored more than 233, GT needed something special, and only Jos Buttler came close to that with 29 off 11. The RCB fast bowlers ran riot and took out half the side within the powerplay.
RCB would have dearly loved to have Salt back, but his absence allowed them to play Jacob Duffy as the fourth overseas player. Venkatesh Iyer started the innings with two fours off the first two balls, moving around in the crease to try to mess with the lengths of the GT fast bowlers. It took Virat Kohli four balls to lay bat on Kagiso Rabada’s hard lengths, but Venkatesh ramped him for a six first ball even though he got into a tangle.
Even though Rabada came back immediately with the wicket of Venkatesh, the makeshift opener had done his job with 19 off seven. Immediately after the wicket, Kohli charged at Siraj and drove him over mid-off. Some classic batting – a flick off the hip, a late cut and a square cut – from Devdutt Padikkal consigned Rabada to 18 in his second over and brought up the team fifty in just four overs.
Rattled, GT had to move away from bowling Siraj and Rabada through the powerplay for the first time in eight matches.
Holder and Rashid Khan combined to bring GT back into the contest. Holder kept hitting the hard lengths, and Rashid bowled his first two overs for no boundary. In between, Holder managed to remove Kohli and Padikkal for 43 off 25 and 30 off 19. Not big innings but ones that understood the assignment.
Having gone funky with their selection – no Romario Shepherd in the batting-first XI so they could play an extra bowler if Shepherd was not needed – RCB promoted Krunal Pandya to likely maintain ideal points of entry for Tim David and Jitesh Sharma. While Krunal did his job with 43 off 28, it was the other batter that led to dropping jaws.
Patidar broke the spell off 22 quiet balls with a pulled six off a Holder ball that wasn’t quite short enough. After a boundary-free first over from Kulwant Khejroliya, playing his first game of T20 cricket since last April, Prasidh Krishna created two opportunities in the 14th over. The first one, a leading edge, fell between the converging wicketkeeper and deep third. The second one went straight to Rabada at deep square leg, but was dropped with Patidar on 26 off 20. At the end of the 14th over, RCB were an even 140 for 3, the last time you could say the match was even.
Starting with no-balls from Khejroliya in the 15th over, the flood gates opened for 114 runs in the last six overs. Two of his nine sixes were bona fide highlights reels for the year. The first an extra-cover drive off Rashid from the crease, and then a back-foot drive over cover off Rabada, who by now had the purple cap. That shot off Rabada left even Kohli awestruck.
The GT bowlers didn’t quite try a quick bouncer at him, but Patidar nicely steered a slow bouncer over short fine with a delayed hook. At one point, even a century seemed likely, but he didn’t quite get enough strike.
For the first time ever, both innings of an IPL match started with two fours as B Sai Sudharsan hit Duffy for fours, but the GT openers were not as successful as the RCB top order at upsetting the bowlers’ lengths. Both Shubman Gill and Sudharsan tried charging at Bhuvneshwar, but got only two runs from his first over.
The pressure was mounting, but the first wicket came in an unconventional manner, with Sudharsan losing his bat as he cut Duffy away for four. The bat ricocheted onto the leg stump before the ball could reach the fence. Bhuvneshwar then extended his dominance over Gill with a wobble-seam delivery that got his leg stump. Now Bhuvneshwar leads the head-to-head with six wickets in 79 balls for just 80 runs.
No option left, Buttler came out swinging, looked dangerous, but Josh Hazlewood got the better of him with a knuckle-ball legcutter. The rest was always going to be a formality but RCB carried it out in style. Rasikh Salam bowled a double-wicket maiden to get Nishant Sindhu and Jason Holder to leave GT five down within the powerplay. Duffy ended up with three wickets, Bhuvneshwar reclaimed the purple cap, and only some late damage control from Rahul Tewatiya prevented this from becoming the biggest defeat in an IPL playoff match.
Brief scores:
Royal Challengers Bengaluru 254 for 5 in 20 overs (Venkatesh Iyer 19, Virat Kohli 43, Devdutt Padikkal 30, Rajat Patidar 93*, Krunal Pandya 43, Jitesh Sharma 15*; Kagiso Rabada 2-54, Jason Holder 2-39, Prasidh Krishna 1-53) beat Gujarat Titans 162 in 19.3 overs (Sai Sudarshan 14, Jos Buttler 29, RahulTewatia 68; Jacob Duffy 3-39, Bhuvenshwar Kumar 2-28, Josh Hazelwood 1-39, Rasik Salam 2-24, Krunal Pandya 2-16) by 92 runs
[Cricinfo]
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Kandy Royals sign Vijay Shankar for LPL 2026
Defending champions SC Jaffna Kings have made three signings, headlined by Shakib, while Galle Gallants and Colombo Kaps have signed two players each.
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Cabinet approves sale of Paddy stocks held by the Paddy Marketing Board
The Paddy Marketing Board has approximately 115,000 metric tonnes of paddy stocks purchased from farmers, which are currently stored in the Board’s warehouses, and it has been planned to retain a sufficient buffer stock from these reserves and sell the remaining quantity in order to provide the necessary storage space and financial resources for the purchase of paddy from farmers during the upcoming Yala season.
Accordingly, the Cabinet of Ministers has approved the resolution furnished by the Minister of Agriculture, Livestock, Land and Irrigation to sell the aforementioned paddy stocks
following a formal tender procedure.
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