Colombo (News 1st); A state-owned enterprise for Lithium Battery production using Sri Lankan minerals will be established in the country, said the Chairman of the Presidential Task Force in charge of Economic Revival and Poverty Eradication, Basil Rajapaksa.

A preliminary national study carried out by the State Ministry of Skills Development, Vocational Education, Research & Innovations found that Sri Lankan graphite can be used for Lithium Battery production in Sri Lanka.

It was revealed local production of Lithium Batteries with high capacity would attract markets from across the world.

State institutions and government funding will be used as capital for the state-owned enterprise which will be set up for this purpose.

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