Sri Lanka, Oct. 26 -- The Export Development (EDB) has positioned Sri Lanka as an excellent location for harnessing oceanic wealth from the Blue Economy according to a top official of the apex body driving export promotion.

"Harnessing the full potential of the Blue Economy which is would expedite economic growth of the country is critical," said EDB Chairman Mangala Wijesinghe at the Voyage Sri Lanka 2025 Marine Summit last week.

He said of the US$ 18 billion export income target for 2025 already in the first nine months this year US$ 12.98 billion has been achieved and the EDB is confident of reaching the US$ 6 billion in the next 2-3 months.

The EDB expects the export income target of this to be met with US$ 14 billion from merchand...