Sri Lanka has to liberalise its ports and shipping industries and be competitive to develop a vibrant maritime industry. The progress of the maritime industry in Singapore has leaped frogged whereas we have not because we lack foreign participation in the industry. “Liberalisation’ of the shipping industry proposed in the 2018 Budget was welcomed by many. Liberalisation of the shipping industry is a key stepping stone to build a maritime industry,” the Minister said. Such interventions as seen in certain countries are alright but it has been the overall policy regime in Sri Lanka.
Source: Sunday Observer October 06, 2018 19:07 UTC