Sri Lanka’s Informatics Institute of Technology to invest billions to build new city campus in Colombo
Sri Lanka’s Institute of Technology (IIT), which has been engaged in the IT education field for the past three decades, is to reportedly invest Rs. 1.2 billion to build a new city campus in the country’s commercial capital, Colombo, housing 10,000 students keen to pursue British higher education.
The planned expansion of the campus will be completed by 2021 with a five-storey, vertical campus built in line with global standards, the local media has reported.
“We have wanted to setup our own campus and we have worked on it for the past two years. We are in the process of obtaining various approvals to finish building this new facility by 2021,” IIT Chairman Dr. Gamini Wickramasinghe has told the Daily FT.
The new facility, which will house between 7,000 to 10,000 undergraduate and post graduate students, will be located conveniently in a land next to University of Colombo, with state-of-the-art facilities, labs and spacious lecture rooms adding more value to the learning experience at IIT.
IIT, which turns 30 this year, is a pioneer in conducting internationally-renowned British undergraduate and postgraduate programs in Business and Information Technology in Sri Lanka since 1990.
Dr. Wickramasinghe has said IIT had witnessed a surge in students who wanted to obtain higher educational qualification from a globally-renowned university and it was expanding to accommodate the growing number of students.
“The institute is currently expanding operations in order to provide a quality assured learning experience. With the introduction of new programs, IIT has experienced an increase in the number of students who have enrolled to follow the undergraduate and postgraduate programs conducted by the institute,” he has added.
OSL take:
Sri Lanka’s ICT and digital infrastructure sectors are on a growth path creating many business/investment opportunities in the two sectors. The government of Sri Lanka has also given priority to digital infrastructure development and widening the ICT education sector and offered many incentives. Therefore, foreign businesses/investors could explore business/investment opportunities in Sri Lanka’s ICT and digital infrastructure development sectors.
| Article Code : | VBS/AT/14102019/Z_3 |