Universities must be self sufficient - Governor

Ramani Kangaraarachchi

Sri Lankan universities have plenty of resources and they should be able to run their organizations without expecting Treasury funds in the future. Central Bank Governor Ajith Nivard Cabraal who was the chief guest at the inauguration of the M.Sc in Financial Mathematics program at the Colombo University said it is only a matter of changing the mindset of people.

He said that universities have great opportunities to develop resources in the country and all foreign universities have followed the method of giving higher education while contributing to the development of the economy. “Therefore our universities have to stay engaged and stand close to dialogue with the industry by being active and flexible to put out high quality products who will give value to their organizations,” he said.

Financial Mathematics Department Head J K Wijerathna said Sri Lankan universities are more Z core oriented but the industry goes to clients directly and accommodate customer requirements which is very practical. “Therefore universities and the industry must work together to utilize resources and deliver high quality products. Because it is the duty of everyone is to develop the national economy at a time that the country is in a turning point,” he said.

Colombo University Vice Chancellor Prof Kshanika Hirimburegama said plans are underway to accommodate foreign students in the university which will bring foreign currency to the country.