If the private sector was awaiting a fillip to invest deeper into technology-related businesses, then there were a number of positive signals during the past couple of weeks. First, the Budget 2021 promised a whole heap of incentives and perks for the technology sector. Then, Gotabaya Rajapaksa took direct charge of matters relating to technology, claiming the newly gazetted “Technology” portfolio for himself. The private sector, on its part, must also look at the competitive advantages of innovation and of the technologies that will transform almost every sector over the next decade. It must be the engine that drives an aggressive technology industry by encouraging and supporting collaborations among disciplines, and by expanding R&D (research and development) capability and collective experimentation.

Source: The Nation December 06, 2020 03:56 UTC