Gauge Newsletter September 2016 | Page 21

E.M.A. AKILA EKANAYAKE Department of Electrical and Electronic Engineering (Final Year) References The World Bank. (2016). Sri Lanka. [Online]. Available at : http://data.worldbank.org/ [Accessed on July 16th, 2016] Sri Lanka Exports • Source: www.tradingeconomics.com , Central Bank of Sri Lanka to this problem, skilled professionals are engineering and technology can and often migrating to developed countries. This is are used interchangeably. The real goal of commonly known as “brain drain”. Mainly science is the pursuit of knowledge for its it is due to the fact that local market not own sake while the goal of technology being able to provide enough challenging, and engineering is to create products that exciting engineering works and salaries solve problems and improve human life. and other facilities to justify their skills. Simply, technology and engineering are It has never been a problem of talent the practical applications of science. In of people in this island but a prob- the context of economy, practical appli- lem of a platform to generate opportuni- cation of science which is actually prod- ties. There are examples of successful Sri uct design engineering has the strongest Lankan high-tech companies which have potential of generating an income. performed up to the global standards. Countries with high-income economies So the economic policies should be except for the ones with abundant natural focused on technologies, more than sci- resources like petroleum, all have a com- ences. The government needs to back mon feature. That is they have Product high-tech exports manufacturing indus- Design Engineering and Manufacturing tries. Mostly these companies will use industries to produce high-tech products. established technologies and processes, Product Design Engineering can create so there are only cost and time risks high-tech exports if properly implement- and for further improvements, R&D sec- ed. Most of the times existing technolo- tions can be implemented. These policy gies are used to design followed by a changes and the emergence of high-tech large scale manufacturing. It is a process exporting companies will attract investors which involves different stages; design- all around the world. As a result challeng- ing, certifying and building. Designing a ing and high paying jobs will be available product that can be marketed and sold for Sri Lankans. in large numbers is a challenging, yet an interesting task. Also, it will cost time and It is clear that there needs to be a boost in a lot of money for prototyping. Once the high-tech exports in order to develop the designing phase is over, companies can economy. Although sectors like tourism license their certified product designs to and traditional exports are preferred more be manufactured. in Sri Lanka, rapid and dynamic growth will only come from focusing on high- Science is not based on earning an tech exports. This approach, if established income, but on discovering knowledge without delay, can transform our country which is vital for the development of the and the economy forward into the country human civilization. The words science, that we want it to be. Gauge Newsletter University of Peradeniya 21