Hong Kong is investing $66 billion in research and development to explore the new applications of nanotechnology
These views were expressed by Preston Institute of Science and Technology chief N M Butt while delivering a key note address on application of nanotechnology for industrial sector during a one-day seminar held at the Faisalabad Chamber of Commerce and Industry.
Butt said that western countries are heavily investing in the future application of this technology to harvest its economic benefits.
Butt informed the audience that Hong Kong is investing $66 billion in research and development to explore the new applications of nanotechnology in ship-building, textile, electronics and a host of other sectors. He said that some projects were launched with only Rs15-16 million a few years ago in Pakistan and this job was entrusted to 22 labs and Research and Development institutions.