📈 Govt Targets US$ 3 Bn Export Sector for Coconut & Food and Beverage

President Anura Kumara Dissanayake has held discussions with industrialists to expand the coconut and food and beverage export industries into a US$ 3 billion economy within the next two years. • Overall Goals: Transform the national economy into an export-oriented production model by strengthening domestic supply chains and supporting value-added diversification. • Sector Breakdowns: • Coconut-based export industry: Targeted to expand into a US$ 2 billion sector. • Food and beverage export industry: Targeted to reach US$ 1 billion. • Regional Initiatives: The government agreed to provide specific incentives to establish coconut-based manufacturing industries in the Northern Province. • Key Trade Balance Measures: Future policies will focus on streamlining raw material imports for export production while simultaneously safeguarding domestic producers.