Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Reliefs in 2018 budget to encourage fisheries industry to invest in large fishing vessels
Sat, Sep 23, 2017, 12:48 pm SL Time, ColomboPage News Desk, Sri Lanka.

Sept 23, Colombo: Minister of Fisheries and Aquatic Resources Development Mahinda Amaraweera has said that next year's budget will award numerous reliefs to the investors or the fisher community that will be deploying cutting-edge fishing vessels to the advancement of the fisheries industry.

Minister Amaraweera made this statement at the launching ceremony of two state-of-the-art fishing vessels of the Richwin Ceylon Fisheries Company held at the Dikowita fishery harbor recently.

The two fishing vessels are longer than 55 ft and have been manufactured in China with cutting-edge facilities that were unavailable in Sri Lankan fishing vessels up to now. Each vessel can hold a volume of 120 metric tons of fish.

The Minister addressing the event mentioned that RichWin Fisheries has rendered a new approach to the Sri Lankan fisheries industry.

"With the use of these technologically advanced fishing vessels, a larger volume of fish harvest can be attained with minimum post- harvest losses. 40% of the fish catch harvested by small fishing vessels is not appropriate for consumption. They cannot even be used to make dried fish at least," the Minister has noted.

"Even though we have a number of small fishing vessels in our fishing fleet, we have a limited fish catch. If we replace at least 10 small boats in favor of a single fishing vessel of this nature, we would be able to harvest a larger fish catch. Thus, I have requested from the Cabinet that by the budget of 2018, the investors and fishermen who will be using the cutting-edge fishing vessels should be given reliefs," the Minister said.


ColomboPage - Recent 10 Stories ::
Sri Lanka, Pakistan target US$ 1 billion trade by 2018
-- [2 hours ago]
Sri Lanka calls for proposals for 90 solar projects of 1MW capacity each
-- [2 hours ago]
Sri Lanka takes disaster minimizing steps to reduce landslide risks
-- [2 hours ago]
Election Commission requests political parties to include more youth candidates for LG elections
-- [3 hours ago]
Malaysian national arrested for smuggling foreign currency worth over Rs. 54 million
-- [4 hours ago]
Sri Lanka encourages local entrepreneurs to enter global markets
-- [4 hours ago]
Sri Lanka Marxist party says President will be defeated if he contests again for presidency
Prime Minister pledges to pay off Rs. 3 trillion foreign debt within next two years
No need for a new Constitution, Sri Lanka Buddhist prelates decide
Local Government election date is uncertain - PAFFREL

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.