The landmark Public Private Partnership (PPP) agreement between Premium International Ltd. and the University of Moratuwa was extended for a further three years based on the remarkable progress made by Sri Lanka's only Research and Development Laboratory for bio medical technology. University of Moratuwa Vice Chancellor Professor Ananda Jayawardane and Premium International Managing Director/CEO Prasantha Kularatna addressed this momentous occasion.
The initial agreement was signed in 2010 for a period of two years with an investment value of Rs. 50 million. This pioneering partnership is typical of a Silicon Valley operation where a PPP was formed between Sri Lanka's most prestigious engineering university and Sri Lanka's only turnkey healthcare solutions provider, Premium International Ltd.