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Boat & Ship Building industry musters US$ 67 Mn up to August

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The 8th edition of Boat & Marine Show 2024 organized by Chamber of Marine Industries of Sri Lanka (CMISL) and Sri Lanka Export Development Board (EDB) in association with Ministry of Industries, Tourism Promotion Bureau and other relevant stakeholders will be held from October 27 to 29 at the Port City Marina, Colombo.

The boat & ship building industry has earned US$ 67 Mn this year up to August and expects to increase this amount significantly by next year with the initiatives by the EDB in the fields of supply chain development, technology upgradation and local & International promotion. Further the industry has shown significant growth in the last decade and has proved its ability to diversify and access new market destinations such as Singapore, Maldives, Japan, Netherlands and African Region.

The Boat Show is organized with the objective of enhancing the international profile of Sri Lanka as a marine tourism destination and a quality boat manufacturing hub. Over 40 leading boat building, marine services, engineering services, charter companies and accessory & component manufacturers will display boat and boating related products and services in 66 stalls. Buyers from the countries of Maldives, India, Seychelles, Egypt and Mauritius confirmed their participation at the show.

The Boat show in Sri Lanka is a dynamic platform to exhibit the country’s capabilities in the boat-building industry, from craftsmanship to innovation, and to forge valuable connections with international partners, investors, and clients. EDB has been the key stakeholder of the Boat Show since its inception and this show has opened up a new frontier of fishing, leisure, industrial and commercial vessels and marine tourism.

An extensive promotional campaign will be carried out by EDB, Tourism Promotion Bureau and CMISL to promote the show locally and internationally with the objective of enhancing the awareness of Sri Lanka’s boating, Nautical tourism and marine industry among the boating enthusiasts of the respective countries.

Further, an International Conference on “Nautical Tourism and Grow Boating” will be held on October 28, 2023 parallel to the Boat & Marine Show with the participation of local and overseas industry representatives at the Kingsbury Hotel Colombo.

The post Boat & Ship Building industry musters US$ 67 Mn up to August appeared first on DailyNews.

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