A Conference on potential of blue economy in the Indian Ocean region, Voyage Sri Lanka 2024, was held at Colombo today. Speaking at the Conference, Vice Chairman of India Sri Lanka chamber of Commerce and Industry Dr. Naresh Bana has said that Neighbourhood first policy and increasing trade and commerce between India and Sri Lanka is important for both countries. He added that India has been helping Sri Lanka in several ways including in energy sector, ports, railways among others.
Dr. Bana said that India through the International Solar Alliance has helped Sri Lanka through capacity building, financing and execution of projects apart from helping develop wind energy capabilities of about 500 Mega Watts.
The event organised by Sri Lanka’s Export Development Board at Colombo bringing together stakeholders and experts in the region on blue economy.
Blue economy contributes 4 percent to India’s GDP and covers 95 percent of all international trade by volumes. With immense impact and potential, India’s G20 presidency highlighted the need to build a sustainable and resilient blue economy.
