{"id":117869,"date":"2021-09-06T16:58:43","date_gmt":"2021-09-06T23:58:43","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=117869"},"modified":"2021-09-06T16:58:43","modified_gmt":"2021-09-06T23:58:43","slug":"basil-r-should-change-course-if-we-are-to-come-out-of-this-foreign-reserve-crunch","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2021\/09\/06\/basil-r-should-change-course-if-we-are-to-come-out-of-this-foreign-reserve-crunch\/","title":{"rendered":"Basil R should change course if we are to come out of this foreign reserve crunch"},"content":{"rendered":"

Dr Sarath Obeysekera London\u00a0<\/em><\/span><\/h2>\n\n\n

Since 2015 Export Development Board has been trying to\nimplement National Export Strategy ( NES) with few salient features which can\nenhance our foreign currency reserves<\/p>\n\n\n\n

A few of them are Development of Boat Building for Export coupled with Nautical Tourism in addition to Development of Spice Trade,Digital Technology\u00a0\u00a0Transformation, development of\u00a0\u00a0Wellness Tourism.<\/p>\n\n\n\n

Nautical  tourism coupled with wellness tourism\ncan be a winner for the country during this COVID pandemic where foreign\ntourists can be enticed or travel to Sri Lanka to spend their time to spend\ntheir holiday And also to recuperate after a Corona infection <\/p>\n\n\n\n

Many medium-sized cruisers are laid up in many parts of the world\u00a0\u00a0and Sri Lanka can hire them at a reasonable fee and deploy them from Port City Hambantota, Galle, and Trincomalee\u00a0<\/p>\n\n\n\n

Various hotels nearby those harbors can provide staff and food to these cruisers\u00a0\u00a0with few private hospitals providing v medical facilities<\/p>\n\n\n\n

Proposals were submitted to the task force but no attention was paid by the tourism authority\u00a0<\/p>\n\n\n\n

Sailing from one port to another by sea could avoid tourists contacting locals to prevent the spread of COVID.<\/p>\n\n\n\n

EDB has also formulated an Advisory Board to develop Marine and Offshore Industry by enhancing infrastructure in Trincomalee Harbour to deploy more Oil Rigs for layup during this lean period of Oil and Gas\u00a0Exploration and Production.<\/p>\n\n\n\n

Local contractors and chandeliers could benefit and\nmore youth employment can be generated <\/p>\n\n\n\n

Unfortunately, the government\u00a0\u00a0has not understood the potential\u00a0<\/p>\n\n\n\n

Another matter brought up by the advisory\u2019s board Is to promote Port City exclusively for foreign firms who are engaged in providing outsourcing facilities to Design and Project\u00a0\u00a0Management of Oil platforms and oil tanker conversion to Oil drilling platforms. Sri Lanka has decided to provide tax amnesty to investors but more Road Shows should be organized to promote these facilities\u00a0<\/p>\n\n\n\n

Two other main features in Marine and Offshore Industry Development is to encourage Sri Lanka. Educational\u00a0\u00a0institutions to change their outdated curriculum to educate more white and blue-collar Technical staff to train in Disciplines connected to Oil and Gas Industry<\/p>\n\n\n\n

Despite efforts by EDB with support from advisory boards, government has not understood the potential\u00a0<\/p>\n\n\n\n

This exercise can be a winner for Sr Lanka to bring\nmore foreigners to study in Sri Lanka <\/p>\n\n\n\n

Unless Sri Lanka change their strategy we will not\nsurvive much longer<\/p>\n\n\n\n

Dr Sarath Obeysekera <\/p>\n\n\n\n

London <\/p>\n","protected":false},"excerpt":{"rendered":"

Dr Sarath Obeysekera London\u00a0 Since 2015 Export Development Board has been trying to implement National Export Strategy ( NES) with few salient features which can enhance our foreign currency reserves A few of them are Development of Boat Building for Export coupled with Nautical Tourism in addition to Development of Spice Trade,Digital Technology\u00a0\u00a0Transformation, development of\u00a0\u00a0Wellness […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[116],"tags":[],"class_list":["post-117869","post","type-post","status-publish","format-standard","hentry","category-dr-sarath-obeysekera"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/117869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=117869"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/117869\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=117869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=117869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=117869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}