Sri Lanka to Establish Eight Regional Export Hubs to Boost GDP Contribution

The Export Development Board (EDB) is set to launch eight regional export hubs this year as part of a broader initiative to strengthen Sri Lanka’s export sector and enhance its contribution to the national economy.

According to EDB Chairman Mangala Wijesinghe, this move aligns with the government’s strategy to increase exports’ share of GDP to 25% by 2030. With significant debt repayments looming by 2028, exports are seen as a vital means of strengthening foreign reserves, with a target of reaching USD 15 billion within the next five years.

As part of this long-term vision, the EDB plans to establish 25 export hubs across all districts, prioritizing regions with strong export potential. The first eight hubs are scheduled for launch in 2025.

Among the identified locations, Polonnaruwa will specialize in ornamental fish exports, with plans to develop multiple village-level production centers to attract local and international buyers. Additionally, Nuwara Eliya is being positioned as a key hub for coffee exports, Matara will focus on spices, and poultry production has been highlighted as a sector with high employment potential.

This initiative is expected to drive economic growth, create new opportunities for local producers, and position Sri Lanka as a stronger player in the global export market..

 

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