Rs 4.7B for fisheries industry development
By Zohara Ghaffoor
Sri Lanka's fisheries industry has received an overall allocation of Rs 4,750 million in Budget 2018 under the 'blue economy concept', which the Government says will integrate the full potential of ocean related activities in the island.
The 'Blue-Green' Budget contains many proposals aimed at uplifting and growing the industry, including the allocation of Rs 1,750 million to develop and upgrade the anchorages and landing sites of fishery harbours such as Chilaw, Mirissa, Karainagar and Purana Wella.
Finance Minister Mangala Samaraweera, delivering the Budget speech, mentioned that a sum of Rs 400 Million will be allocated for the initiation project on Beach Replenishment from Mount Lavinia to Ratmalana . He noted that the project will be expanded to create further investments, especially in the Tourism and Fisheries industries.
According to the Minister a sum of Rs 25 million will be set aside for the development of an integrated Coastal Zone Management (ICZM) mechanism with the participation of all stakeholders.
Highlighting that lagoons in the country have a unique eco system, the Minister said the lagoons must be safeguarded to support climate mitigation,......resilient growth and conservation. The Government will invest Rs 1,000 million in 10 lagoons, directing funds towards cleaning the lagoons, increasing the carrying capacity, supporting the existing livelihoods of fisherman and Research and Development.
The Minister noted that 50% of the cost will be borne by the Government when introducing technology such as refrigerated storage to mitigate post-harvest losses in multi-day boats.
The Government will also bear 50% of the cost of multi-day boats of more than 55 feet in length in order to encourage deep sea fishing.
It was also proposed that the Gandara Fishery harbour together with a new fishery harbour in Wellamankara in the Mannar District will be developed with a sum of Rs 200 million. A sum of Rs 250 million will be allocated to continue the 'Wewak Sahitha Gamak' programme and improve fishery villages in coastal areas which were initiated in 2017.
The Minister also noted that a sum of Rs 100 million was allocated for the establishment of a Milk Fish Hatchery and a Marine Ornamental Fish Hatchery in Bangadeniya.
Highlighting that processed Sea Cucumbers had high demand in the export market and earned USD 1,000 per kg, the minister said that a dedicated buffer zone will be established in Poonakery in the Kilinochchi District where the private sector will be given plots to harvest and process Sea Cucumbers.
He added that a sum of Rs 250 million will be allocated for the completion of Infrastructure facilities of the model Aquaculture Industrial Park in the Batticaloa and that similar parks in Mannar and Hambanthota Districts will be established.
According to the Central Bank of Sri Lanka (CBSL) Fish Production in 2016 grew by 2.1 per cent over 2015 to 530,920 metric tonnes. This growth rate was a revival from the 2.8 per cent decline in growth experienced in 2015. Fish Production for 2015 recorded as 520,000 metric tons.
In 2016, total fish imports decreased by 3.6 per cent to 115,693 metric tons, while dried or salted fish imports increased by 5.8 per cent to 34,978 metric tons during the year.
The largest contributor to Sri Lanka's Edible Fish exports in 2016 was USA with export earnings of US$ 56.26 million. Japan followed with export earnings of US$18.11 million. Netherlands was the 3rd largest, with export earnings of US$ 13.73 million. Canada, Taiwan (Province of China), Hong Kong, Vietnam, Italy, Saudi Arabia and Israel were others which contributed to export earnings.
The lifting of the European Union (EU) ban on Sri Lankan sea food exports in June 2016 however increased the demand from the EU region.
The fisheries industry as a percentage of GDP (Constant Prices) was 1.4% 2015 and 1.3 in 2016. According to the Fisheries Minister Mahinda Amaraweera, fish export income target is set at USD 1.3 billion by 2020 while the target is expected to improve by USD 05 billion by 2030. He further noted that fish production will be raised by 100% by the year 2020 through government initiatives and high fish export demand prevalent in the market.
- UNP vows to protect President won’t let jo own him
- UNPers to stand by Ranil
- Range Bandara quits as UNP Anamaduwa Organizer
- Appointment of 25% women to LG bodies Decision today Polls Chief
- Southeast Asia’s shifting sands of terrorism
- Katchatheevu Church Feast Sinhala mass for the first time 13,000 to land on island
- No-Faith against Ranil not needed – Gammanpila
- Civil society orgs demand referendum Want Executive Presidency abolished
- Kandiah Neelakandan no more
- Donation of necklace to Temple of the Tooth Principal warned CP Edu Minister
- Army recruits 50 Tamil youths Rehabilitated ex-LTTE cadres too
- Kalmunai Beach Mosque 196th Flag hoisting ceremony held
- NPC Women’s Affairs meeting
- Trump’s Immigration Plan: Sound Start for Compromise
- Congo justifies oil exploration in national parks
- To discuss premiership issue PM and Speaker meet Prez UNP claims problem solved
- City Coroner complains to Fort Magistrate Call to probe death of Bellanwila Thera Monk was moved from CSGTH against medical advice
- Will Transitional Justice wither? Int’l community in quandary over LG polls results
- INTERPOL REFUSES TO DELIVER SUMMONS TO MAHENDRAN ARREST WARRANT TO BE SOUGHT AFTER MARCH 8 IF…
- Govt now trying to postpone PC polls
- President has not consulted me yet – AG
- Govt brought in 19A to block Rajapaksas We also can change 19A – Basil
- November 2012 Welikada Prison Massacre Second eyewitness ready to come forward
- President pressed to find suitable PM Political crisis continues
- South China Sea Unmanned vessels and future operations
- Federer on top of the world
- Man Utd into Cup quarters
- Cavani, Neymar key as PSG rebound from Madrid gloom
- Barca grind out victory before Chelsea trip
- Kvitova powers through to Qatar final
- ISAC 2018 23 schools will participate
- ‘Singer Cup’ Under-19 Schools Cricket Sumanasinghe scores second ton
- Packeer Ali to be appointed Head Coach
- England win but Munro ensures New Zealand in final
- Premier League Super 8 round NCC and Ports Authority CC win
- Sri Lankans win singles and doubles titles
- National Cross Country Championship 2018 Samantha and Nilani win Both athletes had to go through ridiculous bureaucratic red tape after returning to SL with Gold medals Officials show their vested interests instead of flexibility for International medal winners
- Premier League Club Cricket Tier ‘A’ Chilaw Marians CC emerge champions
- ‘Singer Cup’ Under-19 Schools Cricket Kamindu Mendis scores fourth ton
- Unified Korean team lose again despite goalie heroics
- Loyola - Christ King Inaugural ‘Battle of Friends’ Big match ends in a draw
- Smith looks forward to pace challenge
- Mendis powers Sri Lanka to 210-4
- Mendis drives Sri Lanka to T20 series sweep
- Premier League ‘Tier ‘B’ Negombo CC emerge champions
- Global Independent Audit Regulators meet in Colombo
- Shares end the week positive
- Thailand to seek approval for FTA with Sri Lanka
- Rupee stabilizes despite political instability
- SL to purchase 12 train engines for upcountry line
- UK retail sales show weak growth despite gym wear boost
- Royal Mint gets first woman boss in 1,100 years
- CBSL prints Rs 606M
- Stocks closed mixed on the day Sharply higher for the week
- Allowing Financial Technology Will Reduce Borrowing Costs
- CSSL offers support for tech startups
- Ceylinco General Insurance records excellent results in 2017
- CA Sri Lanka Business Plan Competition 2018 kicks off this month
- HNB Grameen Finance Limited signs MoU with DIMO
- Raigam launches ‘DeveniBatha – Bundi Full’ instant rice noodle
- SL - high potential market for Database Security: Oracle
- Jack Ma’s secrets, hiring women for the profits and rising early
- Trumps Solutions brings the digital force to advertising with VLT
- Inaugural leadership programme conducted for students of Olcott Schools
- Fashion Bug bags Gold Award for Best Key Account Partner from Triumph
- Subramanian Swamy’s love-hate relationship with Sri Lanka
- Tea, haircuts and fish bones Letting the light into Pakistan
- REVISITING SRI LANKA’S FOREIGN POLICY
- Howlers that wreck language
- Pursuing Peace The UN’s lack of accountability
- Give women more time to give birth, make choices - WHO
- Ask “Dr. Love”: mobile app teaches Congolese youth about safe sex
- Bulgaria rejects treaty to combat violence against women
- Progress on global goals ‘unacceptably slow’ for women, says UN
- The Great American Buddhist Leader
- President and PM are responsible for the election results
- Basil says…Await the return of ‘Spiritual Leader’ MR
- Rajapaksas’ Presidential hopeful is Gota
- Sins of the past Govt cannot be forgotten- Anura Kumara
- Law and order is quite weak
- Accomplice to the crime Our own indifference
- UK flower farm suspected of enslaving migrants
- Costly Renovation
- REV. PROF BELLANWILA WIMALARATANA THERA
- Why Masses Brought Victory to Past President
- White Sapphire absorbs the power of Venus
- Partial eclipse that occurred on Feb 16
- Effects of Sun in Aquarius
- Some recent impressions
- Bandula Nanayakkarawasam: From Galle to the world
- Pauline Kael: The critic wore cowboy boots
- Pauline Kael: The critic wore cow boy boots
- “Hail, Caesar!” Silliness as a virtue
- Notes on history: The thinkers and the doers
- Reflections on a nation of non-readers
- The Disaster Artist: The (un)making of a movie
- Kite Surfing Lanka Kalpitiya An experience of a lifetime
- Ella and mini Adam’s Peak
- A cave of history -Ravana Cave
- Never say never to anything!
- What’s In My Bag I want to carry my dog Ricky Ruchira
- Indian Elegance Raaya Clothing & Accessories
- Election promises that took people for a ride
- 7 killed in Florida school shooting by former student: sheriff
- Man with moustache who went to Rajarata a thousand times in a ramshackle Jeep