City
Epaper

Fishing industry hit hard by dire economic situation in Sri Lanka

By ANI | Updated: April 5, 2022 13:40 IST

Sri Lanka's fishing industry is facing the brunt of a burgeoning economic crisis that the island country is embroiled in with fishermen facing acute fuel shortages for their boats unable to head out to sea.

Open in App

Sri Lanka's fishing industry is facing the brunt of a burgeoning economic crisis that the island country is embroiled in with fishermen facing acute fuel shortages for their boats unable to head out to sea.

According to a report, fishing is a major livelihood for Northern Tamils and the fuel shortage in the crisis-hit country has paralysed the industry.

Local media reported that the fishermen in the northern part of the country who typically fish on alternate days are unable to venture into the seas even once in a week. A country boat requires 30 litres of kerosene for a day's fishing whereas now they are able to just about manage only 20 litres once in a week.

The deep economic crisis in the country continues to worsen with the Forex reserves plummeting to USD 500 million.

Apart from that, the scarcity of ice bars used to preserve fish and the unavailability of transportation to take the catch to Colombo and other places for sale have crippled the livelihoods of the fishermen.

The fishermen in Analaitivu, Nainativu, and other areas of the Jaffna district are the most affected as they are even not able to come to Jaffna to purchase kerosene.

With Sri Lanka has been going through a severe economic crisis, India is providing a financial package to Colombo so that it can meet some of the more immediate needs and help stabilise its domestic economy.

Emergency rule was declared in the island nation after anti-government protests turned violent. Sri Lanka has been going through a severe economic crisis caused in some measure by a shortage of foreign exchange resulting in lengthy power cuts, price spirals and a shortage of essential items.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: colomboJaffna
Open in App

Related Stories

Social ViralViral Video: Woman Collides with Tree, Falls from Moving Train While Filming Reel | WATCH

InternationalAdani Group Responds to U.S. Bribery Allegations, Pulls Out of DFC Funding for Sri Lanka Project

CricketRohit Sharma, Virat Kohli, Shreyas Iyer Arrive in Colombo Ahead of IND vs SL ODI Series (Watch Video)

NationalIndian High Commission in Sri Lanka Dismisses Blame, Says No Firms Involved in Providing ‘Visa on Arrival’ at Colombo Airport

CricketLizard on Ground: Monitor Lizard Interrupts Sri Lanka vs Afghanistan Test - Video

International Realted Stories

InternationalEmpowering girls through education: Namo Lakshmi Yojana fuels dreams across Gujarat

International"Aid shipments have been restored": Zelensky confirms resumed US aid

InternationalIsraeli strike kills one in south Lebanon amid ceasefire tensions

InternationalRussian astronomers observe 17 solar flares coinciding with global heat waves

InternationalGermany calls on the European Union to negotiate with Washington "pragmatically" over tariffs