Natural resources

'Significant contribution to country's economy':

Suraj BANDARA

Natural resources make a significant contribution to a country's economy. If utilized properly we could develop all sectors, said Export Development and International Trade Minister Prof. G. L. Peiris.

Prof. G. L. Peiris

He was speaking at the brand launch of Sri Lankan Tuna at the Cinnamon Lakeside recently. The Minister said that infusion of technology is important for tapping the island's rich natural resources. In this regard more sophisticated methods should be introduced and people need to be trained in the use of modern equipment.

Sri Lanka has been acknowledged as one of the most important natural resources hub in the world. The geographical location of the country, together with its natural harbours and abundant marine life, makes Sri Lanka an ideal platform for a natural resources based economy, he said.

The Minister said in the economic perspective the unification of the country has a huge potential for growth and today's challenge is economic development despite other rival forces.

The increase in the number of tourist arrivals from France by 50 percent shows that Sri Lanka is regaining its position.

Fisheries and Aquatic Resources Deputy Minister Neomal Perera said that the brand of tuna heralds a era in the future of our fisheries industry and it will bring greater recognition and generate revenue for the nation's prosperity. There is a significant growth after 2000 in the tuna industry and 190,000 tonnes of tuna have been exported, he said.