Sri Lanka boat building to revive with end of fisheries ban

ECONOMYNEXT – Sri Lanka’s boat building is expected to revive with the withdrawal of a ban on fish exports by the European Union, an industry official said.

“The boat building industry was severely affected by the ban,” said Neil Fernando, chairman of the Boat Building Technology Institute and head of Neil Marine, a boat builder.

“There had been very little investments in building large fishing vessels due to the ban,” he told a news conference held to announce a boat show in the island’s Dickowita Fishery Harbour from 13th to 15th October 2016.

The EU announced last week that it had lifted the ban.

Fernando said he expects more orders for fishing vessels.

“Historically, it was the fisheries industry that was the driving force behind the boat building industry.”

The Boat Show & Fisheries Exhibition Sri Lanka 2016 is organized by Sri Lanka Export Development Board (EDB) and Boat Building Technology Improvement Institute (BTI) in association with Ministry of Development Strategies and International Trade, Ministry of Fisheries and Aquatic Resources and Ministry of Industry & Commerce.

Fernando said the boat show would be a platform for boat builders to display their capability and to attract foreign investment in the sector. 
(COLOMBO, June 22, 2016)

Latest Comments

Your email address will not be published. Required fields are marked *