Minister of Industry and Entrepreneurship Development Sunil Handunnetti says that the government will take procedures to present a range of environmentally friendly items rooted in green energy concepts, while preserving regional identity, within the next 2 years.The Minister made this remark during his visit to the VEGA Innovations production facility in Maradana, where he checked groundbreaking products developed by the company, consisting of the VEGA electrical carhailed as the worlds third-fastest electrical carthe 100% in your area manufactured electrical three-wheeler, and other AI-powered innovations.During the check out, Minister Handunnetti emphasized the federal governments dedication to cultivating a favorable environment for sustainable innovations, keeping in mind that the existing administration will not think twice to implement policy modifications to remove barriers to the promo of eco-friendly items in both local and global markets.CEO of VEGA Innovations Dr.
Harsha Subasinghe highlighted the potential of expert system (AI) in the global market.
He projected that by 2030, the AI industry would grow to an incredible $1.5 trillion, providing Sri Lanka with the chance to catch a minimum of 1%, or $150 billion, of this market.He likewise pointed out the growing global demand for electric three-wheelers, currently valued at $30 billion, suggesting that Sri Lanka might secure a 10%-15% share in this sector.