Navy Revenue Surge via Independent Maritime Security 📈

The Sri Lanka Navy has generated US$ 598,250 (approx. Rs. 185 Mn) in foreign exchange revenue within just four months by independently facilitating Onboard Security Team (OBST) operations. • Fiscal Impact: 100% of the revenue has been remitted directly to the Government Consolidated Fund to support the national economy and public welfare. • Operational Volume: Between 03 Oct 2025 and 08 Feb 2026, the Navy successfully conducted 323 maritime security operations. • Strategic Shift: Following a July 2025 Cabinet decision, the Navy transitioned from private-sector-led models to independent operations. This move ensures sovereign control over maritime security while maximizing state revenue. • Sector Synergies: The project involves providing specialized services to foreign Private Maritime Security Companies (PMSCs), including the secure storage and transport of firearms and equipment at naval armories under Ministry of Defence supervision. • Efficiency: Leveraging existing physical and human resources, the Navy intends to expand these services with minimal additional cost, further diversifying Sri Lanka's maritime service offerings. _Note: Figures are based on official progress reports as of 12 Feb 2026._