Business Times

Rising fish output from the North-East but bad roads, transportation an issue

Though more and more people in the North and East are taking to fishing and production is increasing, the produce is not reaching Colombo in time due to bad road conditions and transportation taking long time.

These comments were made by Neil Fernando, Chairman, Boat Building Technology Improvement Institute Lanka (GTE) Ltd (BBTI), on the sidelines of a press conference to announce the Boat Show – 2012 to be held in Colombo next year.

On the industry itself, he said that they are building boats for various aid organizations that are used by north and east fishermen. Those who have lost employment and those who do not take up agriculture in these areas are taking to fishing.

The Boat Show 2012, to be held on the May 18- 20, 2012 at the BMICH has been identified as South Asia’s International Boat Exhibition. It would provide an opportunity for the participants to share most modern technologies in fishing and sailing and avail an opportunity to network and familiarize with key players within different segments of the industry. At this exhibition there would be suppliers of leisure, pleasure, industrial and commercial, fishing vessels, material, engines, interior fixtures, fittings, electric and electronic devices, water sports gear and equipment and everything connected to the industry.

Speaking at the press conference, Rishad Bathiudeen, Minister of Industry and Commerce said the fisheries industry is making good progress in the export market and the country this revenue to go up to US$1billion by 2020.

He said the BBTI is an important institute that provides support to the boat building industry. He noted that Boat Show 2012 is the only exhibition of this kind held in Sri Lanka and with its support the country is going ahead with 100% growth and the boat building industry is doubling year by year. He said that one of the advantages that Sri Lanka has is low labour cost.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
Other Business Times Articles
Hyatt hotel soon in Celestial Residencies
Legal crisis over CB ruling on directors
CSE to introduce new global index in March
10% hike on vehicle revenue licence fee now enforced
Mid-80s proposal was for EPF to be independent of the Central Bank
Christmas at the bottom of the sea!
Comment -EPF proposal in the ‘80s
‘Pump and dump’ its true meaning
CB rules governing bank directors, politically motivated
Can chocolates help discipline investors?
Call for a collective group for the capital markets
Asia Asset Finance to invest 90% of IPO money in core operations
F&G maturity default trial next month
Focus - Wanted: More ‘Idiots’ to tackle grassroots innovation challenges
Sri Lanka spearheads initiative to minimise climatic change impact on tea
Central Finance appoints new Chairman
NEDA, FCCISL and Regional Chambers Network strengthen regional chambers
Singer gets 'A(lka)' / Stable from Fitch
Iran invites Lankan banks to open branches in Tehran goes mobile
ComBank to open ATMs at railway stations
800,000th tourist arrives in Sri Lanka for year 2011
Insurance penetration low; not seen as an investment: Fitch
Monetary and fiscal policies are like ‘twin brothers’
Expolanka Holdings acquires controlling stake in Norfolk Foods
Indian Hospitals Group conducts proramme on neurosciences and spinal disorders
Billions worth of public sector donations in SL by Microsoft
Seminar on risk management
H One hosts Microsoft Dynamics CIO meeting
Nelna focuses on mango production as a delectable health food
SL interest rates to increase further : Top economists
SL Insurance plans public listing mid next year
Rising fish output from the North-East but bad roads, transportation an issue
Brokers welcome removal of 5% ceiling on lending
Edna Group signs deal with Dialog Axiata
New ISO 19011 standard adds value to management system audits
CB’s Monetary Board appoints new Asst. Governors
Heritance Ahungalla, first Sri Lankan hotel to be ISO50001 certified
Welcome winds of change at bourse
Three-wheeler drivers operate Tata Nano budget taxi service
New Peugeot 508 executive saloon attracts Sri Lankan corporates
Land Rover displays off-road capabilities in Hanwella
Motor vehicle registrations surpass 412,000 up to Nov. 2011
Toyota Lanka to invest Rs. 2 billion for network expansion
ADB’s Rs 9.3 bln loan to rehabilitate access roads to Southern Expressway


Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 1996 - 2011 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved | Site best viewed in IE ver 8.0 @ 1024 x 768 resolution