A Feeder Industry for Sri Lanka’s Light Engineering Product Sector
Cast metal products are an integral part of human life and the local economy as they are found in 90% of the manufactured goods and equipment, ranging from home appliances and surgical equipment to critical components for aircraft and automobiles.
Sri Lanka harbours the aspirations to become South Asia's foremost maritime, logistics and distributions hub considering its geographical position in South Asia, which is located at the crossroads of the fastest-growing region of the world that generates the competitive edge over the other regional players.
While Sri Lanka is surrounded by the Indian Oceans abundant with scenic views, a high biodiversity of ocean mammals, sailing for pleasure was never a pastime of the Sri Lankans and Sri Lanka was never considered a worthy stop for yachts due to lack of a fully-fledged marine in the country.
Sri Lankan boat manufacturers are seeing an increase in demand for pleasure, commercial and fishing boats following the International Boat and Fisheries Exhibition 2016 that was held at Dickowita Fishery Harbor in October last year.
According to the Ministry of Fisheries and Aquatic Resources Development, the country is tipped to receive an income of Rs. 20 billion by exporting Sri Lankan made fishing vessels to European countries including the UK, Norway, Sweden, the Netherlands and France.