EU Grants Euro 3.5 m for tourism revival | Daily News


EU Grants Euro 3.5 m for tourism revival

The European Union has offered a grant of Euro 3.5 Million to resurrect the beleaguered tourism industry during a discussion with Minister of Industrial Exports, Investment Promotion Tourism and Aviation Prasanna Ranatunga.

EU Ambassador to Sri Lanka Denis Chaibi has requested Minister Ranatunga to submit the requisite proposals which will match up to the grant which was made at the meeting between the two. According to tourism statistics, the arrivals to Sri Lanka at the time that the curfew was imposed on March 19, was 71, 370 and 60% were from the EU. The arrivals from the EU for the month of March was 42,084 which made the EU the region the highest arrival market for Sri Lanka.

Minister Prasanna Ranatunga also drew attention to the fact that one of the priorities of the Government was to increase its foreign exchange earnings and to develop the economy.

He said that the aim of the government was to increase tourist arrivals to 7 Million by 2025 and to increase the foreign exchange revenue to US $ 10 Billion by that time.

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