Prez eyes USD 2 bn revenue from gem and jewellery industry
President Ranil Wickremesinghe has emphasised the need to implement a well-structured strategy to earn at least 2 billion US dollars from the gem and jewellery industry.
The President’s Media Division (PMD) said the President had urged officials present at the meeting to formulate a comprehensive plan to achieve the country’s objective of bolstering the annual export earnings.
“During this discussion, the President highlighted the importance of promptly addressing challenges in the gem and jewellery sector to boost the country’s revenue from exports,” the PMD said in a statement.
According to the PMD, the President assured that the government is fully prepared to provide the necessary support and facilities if a formalized plan to
elevate the gem and jewellery industry in Sri Lanka is promptly presented.As per the Central Bank Annual Report 2022, Sri Lanka earned 450 million U.S. dollars as export income from gems, diamonds and jewellery in 2022.
