President Ranil Wickremesinghe detailed efforts underway to transform Trincomalee into a key energy hub through collaboration with the Government of India, during a meeting with the business community in Batticaloa district on Saturday.
At the meeting, the President briefed the business community on the government’s ambitious development agenda for the Eastern Province, focusing on bolstering tourism, industry, and agriculture.
Highlighting the strategic importance of the Eastern province, the President affirmed its central role in the country’s transition to an export-driven economy.
He further called upon the business community to actively engage in and support the comprehensive development plans set to unfold over the next five years in the Eastern Province.
Giving an update on the development of the country, the President pointed out that there was significant potential for growth in the Eastern Province.
“We have partnered to enhance the Trincomalee port and establish new investment zones with India and other foreign countries. Additionally, plans are underway to build a new oil refinery in Trincomalee, intending to transform it into an energy hub. Several solar power and wind energy projects are also slated for implementation. Furthermore, we are aiming to develop the province into a tourist destination.
“Programs are being formulated to develop the Mahaweli B region through agricultural modernization, aimed at boosting agricultural production in the province. Simultaneously, initiatives are underway to foster the growth of small and medium-scale enterprises, providing opportunities for new businesses to thrive,” he said.
President Wickremesinghe pointed out that these efforts are pivotal in positioning the Eastern Province as a cornerstone in the country’s transition to an export-oriented economy. (Newswire)