By: Staff Writer
September 19, Colombo (LNW): Inovartic Investment Lanka Pvt Limited, a collaboration between Sri Lanka’s Apex Asia Holdings and UAE’s Inovartic Investment LLC, has launched a project to advance graphene manufacturing and graphene-based products in Sri Lanka and Abu Dhabi.
This joint venture, established with the backing of Abu Dhabi University (ADU), aims to drive innovation in key technology sectors. Partnering with the Sri Lanka Institute of Nanotechnology (SLINTEC), the initiative will leverage the expertise of both Inovartic Investment Lanka and ADU to promote graphene technology development in both regions.
Daham Arangalla, Founder and Director of Inovartic Investment Lanka Pvt Ltd and Regional Partner of Inovartic Investment LLC, emphasized the importance of this venture, stating that the consortium would create an ecosystem to promote technological advancements, enhance global synergies, and elevate Sri Lanka’s economic status.
Arangalla also highlighted the consortium’s role in fostering advancements in research, training, and knowledge-sharing, positioning Sri Lanka at the forefront of regional technological innovation.
Saif Aldarmaki, Chairman and Co-Founder of Inovartic Investment Lanka Pvt Ltd, described the joint venture as a key player in the future of advanced material manufacturing, creating new opportunities for innovation and economic growth for both Sri Lanka and Abu Dhabi.
The partnership aligns with Abu Dhabi’s vision to become a global hub for cutting-edge industries, focusing on the development of graphene, a vital material for sectors like electronics, healthcare, semiconductors, biotechnology, transportation, and environmental conservation.
Shawn Gajasinghe, Chairman of Apex Asia Pvt Ltd and Co-Founder of Inovartic Investment Lanka Pvt Ltd, also expressed confidence in the consortium’s ability to make significant strides in research and technological innovation.
In support of sustainable development, the venture has secured local vein graphite in Sri Lanka and plans to set up pre-processing facilities to produce graphene for export. This effort not only enhances local resources but also demonstrates the joint venture’s commitment to economic growth and technological progress.
Inovartic Investment Lanka is supported by the Abu Dhabi Department of Economic Development and the Abu Dhabi Investment Office (ADIO), both of which are instrumental in advancing research and development in graphene technology across the UAE and Sri Lanka.
