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Mr. Douglas Devananda stated that he had brought up all of the concerns with the fisheries community including the shortage of fuel for fishermen and the rise in fishing equipment costs, to Honorable President Mr. Ranil Wickremesinghe, and that the president would address them expeditiously.

Due to the existence of a suitable environment for the cultivation of sea plants on the coast of Sri Lanka, many foreign investors are showing more interest in investing in this sector.

On November 27, 2023, a special meeting was convened between the and Mr. Douglas Devananda, the Minister of Fisheries and representatives of the IOC Company to discuss the preparation of a program to supply fuel at concessionary prices to multi-day fishing vessels operating in Sri Lanka.
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