Kanyakumari in Tamil Nadu, at the southern tip of mainland India, is where the waters of the Arabian Sea and the Bay of Bengal come together. Sri Lanka, situated 22 miles off the southern coast of India where some of the richest fishing grounds are located The Indian Ocean is vital for the economy and food production forsmall islands like Sri Lanka . In Sri Lanka over 2.7 million fisherman from the 15 coastal districts depends on fishereies for their livelihood. This accounts for over 1.3 perecent of the countrys GDP . It is estimated that nearly 50,000 boats and trawlers operate out of the 25 fisheries habours.
Regional Development in Sri Lanka : Hambantota Your next investment location
HAMBANTOTA district located 240 km south east of Colombo consists of 2,622 sq. km land area representing six per cent of the country’s land mass. The district with economic growth of five per cent sustained by vibrant private sector activity has been strategic trading location between the Middle East and Far East. It was ideal strategic location for development In 2005 the new visionary plan of H.E Mahinda Rajapaksa improved infrastructure facilities of the southern district. This required development of infrastructure facilities such as ports, expressways, water supply . The Hambantota port had the potential to become a important transshipment hub in the region . The southern expressway was extended upto Hambantota. In addition a rail link was extended up to Beliatta. The new port district received a new sports and convention centre. Under the Uma Oya Project water was diverted to the district . Today Hambantota offers one of the most business friendly environments in Sri Lanka
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