Virtual Boat Show Sri Lanka 2021 From 25th To 29th October 2021
South Asia’s most focused and largest international Boat Show Sri Lanka 2021 will be held from 25th to 29th October 2021. Organized by Boat Building Technology Improvement Institute (BTI) and Sri Lanka Export Development Board (EDB), in association with Ministry of Trade.
This event will be the first ever virtual boat show in Sri Lanka organized to show case the country’s capabilities in recreational boating and yachting, nautical tourism, boat building and related services for export and local markets.
To attract the younger age groups towards boating, in addition to the boat and ship building sector, water sports events geared to the younger generation including wake boarding, water skiing, jet ski racing, wind surfing, catamaran and dinghy racing, try a boat event run by sailing clubs, fashion show linked to a nautical theme, fishing events and demonstrations will be displayed in a virtual platform by the companies involved in the respective businesses in Sri Lanka.
The total number of exhibitors are expected to reach 40+ and already a few international participations has been confirmed.
Commenting This event Mr. Gamini B Herath, Managing Director Boat Building Technology Improvement Institute said, “The objective of this event is to provide a single platform for all related business sectors involved directly and indirectly in the boat and ship building industry and nautical tourism sector to display and promote their respective sectors for potential international and local clients and giving initiation for the recreational boating culture in Sri Lanka.”
Following the success of Boat Show Sri Lanka 2008, 2010, 2012, 2014,2016 and 2018held physically, the upcoming Virtual Boat Show Sri Lanka 2021 will attract large number of buyers and visitors, boating enthusiasts, and industry professionals from countries such as India, Singapore,Hong Kong, China, Seychelles, Maldives, South Korea, Belgium, Italy, Germany, Holland, UK etc.
THE INDUSTRY AT A GLANCE
Boat and Ship Building is a lucrative and a thriving industry which was capitalized by the western world during the previous decade. The center for manufacturing boats is now moving towards developing countries from the developed countries mainly due to the competitive labour costs and the skilled and highly trainable workforce offered by these countries. The increase demand for boats worldwide for fishing, industrial, commercial and recreation purposes open up huge opportunities and new markets for the Boat Building in Sri Lanka, due to its strategic location, highly trainable workforce and labour cost advantage.
Since the beginning of the BOAT SHOW SRI LANKA, the country has been able to record an average export turnover of USD MN 80. 2011 recorded the highest so far with a figure of USD MN 149. The aim of the National Export Strategy is to increase the export revenue to the value of USD 500 MN.
The wide range of products and services offered from this sector includes yachts, pleasure & leisure boats, fishing boats, fast attack crafts, passenger, sports, rescue, coast guard and petrol boats and boat building accessories. There are around 25 active boat yards around the country out of which 10to 12 boat yards have medium to large scale manufacturing facilities and others are small scale manufactures. Sri Lanka’s main export markets for ships and boats are Singapore, India, The Netherlands, Norway, Seychelles, Maldives, African region and Mauritius.
With the economic revival in some of the western markets, Sri Lanka’s potential to engage with these markets profitably has improved. Also the regional markets have become more lucrative at present for this industry and therefore an extra effort would be made to promote the industry among selected regional markets such as Maldives, India, Bangladesh, Pakistan, Seychelles, etc. for possible long-term investments and for new export opportunities.