Strategic framework for local fisheries industry gets Cabinet approval
The Cabinet this week approved a strategic framework aimed at revitalising Sri Lanka’s fisheries sector.
The proposal, presented by the President and Minister of Fisheries, outlined a plan to position the industry as a key economic driver.
The strategic report, titled “The Strategy to Promote a Sustainable and Export-Oriented Commercial Fisheries Industry to Support Sri Lanka’s Expected Economic Transformation”, listed ambitious targets. It aims for the fisheries sector to achieve a 12 percent increase in sectoral growth and generate export revenues of US$ 600 million by 2030. Central to the strategy is the commitment to sustainability through firm economic principles.
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