Boat-building to muster $ 116 m by '15
Sri Lanka is planning to increase its total
export earnings of the local boat building industry to $ 116 million
by 2015. The tourist boom in Sri Lanka, particularly in the North
and East has opened up huge business opportunities for local
manufacturers and the demand for pleasure and sail boats as well as
boats for sea excursions on whale watching, leisure fishing,
snorkeling and scuba diving is expected to further increase in the
coming years.
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Lanka rubber to capture 2 % of global market
Sri Lanka is ready to capture 2 % of the global
market of the rubber manufacturing sector. Presently, the rubber
manufacturing industry accounts for approximately 4.5 % of total
export earning of the country. Sri Lankan rubber industry comprises
three independent major sectors namely, rubber products manufacture,
latex rubber manufacture and the rubber wood based industry.
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Sri Lanka, Malaysia to sign MoU in oil-and-gas sector
Sri Lanka and Malaysia will sign a strategic
memorandum of understanding on Thursday in the oil and gas sector
which will strengthen relationships between the two countries and
fuel new investment opportunities.
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Dubai based MEP contractor to set up operations in Lanka
BK Gulf a part of Dutco Balfour Beatty Group,
one of the leading MEP contractors in the Middle East is focusing on
the Sri Lankan MEP construction industry. BK Gulf General Manager,
George C Shields and Operations Director, Channa K Egodagehave been
in contact with various Property Developers and Consultants over the
past few months.
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