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Sri Lanka to create fishing investment zone

Sri Lanka to create fishing investment zone
by Insider Desk
October 22, 2023

Sri Lanka’s State Minister of Fisheries, Piyal Nishantha, has revealed plans to establish a specialized investment zone in the northern part of the country, catering to the fishing industry.

This initiative aims to attract investments that will boost the economy and create jobs.

Nishantha explained that from November 19 to 21, a series of programs will focus on the Northern Province, particularly the Jaffna district, coinciding with World Fisheries Day.

Within the Jaffna district, the Ministry of Fisheries will concentrate on services like mobile fishing assistance, issuing fishing ID cards, registering fishing boats, and resolving communication problems related to fishing signals. 

The goal is to address these challenges directly within the local communities.

The minister announced the implementation of a program that offers kerosene subsidies for one-day fishing vessels, marking the second time this initiative will be carried out.

This move represents a strategic effort by Sri Lanka to boost its fishing industry, attract investments, and stimulate economic growth, all while creating job opportunities. 

The upcoming programs in the Northern Province will play a pivotal role in achieving these goals, with a particular focus on resolving fishing-related issues and offering support to local communities.

Tags: Fishing IndustrySri LankaSri Lanka crisis
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