Sri Lanka exports first locally made amphibious craft to Europe
Newswire: Sri Lanka has exported its first locally manufactured amphibious craft capable of operating on both land and water to Europe, marking a milestone for the country’s marine manufacturing industry.The craft, manufactured by Ocean Voyager International, was officially sent for export at an event held at the Koggala Free Trade Zone on 10 September, attended by Industries and Entrepreneurship Development Minister Sunil Handunnetti.According to the Industries Ministry, the high-tech amphibious craft is the first of its kind manufactured in Sri Lanka for export to the European market.Speaking at the event, Minister Handunnetti said developing a domestic production-based economy was a key priority of the government.He said Sri Lanka’s location along major international shipping routes provided significant opportunities to develop the boat and shipbuilding industry as a major source of foreign exchange.The minister said the government would provide necessary facilities and support to strengthen the sector, with the aim of developing Sri Lanka into a regional marine manufacturing hub by leveraging the expertise of local engineers and workers.SLYG Group Chairman Pierre Pringiers, National Enterprise Development Authority Chairman Lakshman Obeysekera, company representatives and Board of Investment officials were also present at the event.
OSL take:
Sri Lanka’s growing maritime industry is creating new business/investment opportunities for foreign businesses/investors, with the country increasingly positioning itself as a regional hub for boat building and marine manufacturing. The export of Sri Lanka’s first locally manufactured amphibious craft to Europe by Ocean Voyager International marks a significant step in the development of the country’s marine manufacturing capabilities and demonstrates the potential to produce high-value vessels for international markets. Sri Lanka’s strategic location along major global shipping routes, combined with its skilled engineering and manufacturing workforce, provides a strong foundation for expanding the boat-building industry. For foreign businesses/investors, opportunities are emerging in commercial and leisure boat manufacturing, shipbuilding components, marine engineering, repair and maintenance, maritime technology and export-oriented production. As the Sri Lankan Government seeks to strengthen manufacturing and attract investment into high-value industries, Sri Lanka’s expanding maritime sector could offer foreign companies opportunities to establish production partnerships and use the country as a base for serving regional and international markets.
| Article Code : | VBS/AT/20260915Z_1 |