Sri Lanka, Nov. 13 -- Sri Lanka could increase its annual seafood export revenue to US$680 million by 2030, provided the industry receives continued investment, modern infrastructure and favourable trade policies, according to the Seafood Exporters' Association of Sri Lanka (SEASL).

In a statement welcoming the Government's 2027 Budget proposals, the association said the proposed financial incentives, fisheries development initiatives and trade reforms could help improve the competitiveness of the country's seafood export sector.

SEASL particularly welcomed a proposed concessionary loan scheme offering financing of up to Rs. 500 million at an annual interest rate of 5% for eligible large-scale fisheries businesses.

It also highlighted ...