The drafting of the National Fisheries and Aquaculture Policy has commenced with the objective of equitable distribution of the benefits of the fisheries industry and the sustainable management of fisheries and aquaculture. This policy has been updated from time to time according to current requirements. However, steps have not been taken to obtain the approval of the Cabinet of Ministers for that purpose.

According to the policy declaration of the present government, ‘Vistas of Prosperity and Splendor’ the National Fisheries and Aquaculture Policy has been redrafted, updating the aforementioned policy in line with the economic and development objectives of the government.

The recommendations of the Department of National Planning have been received for the drafted policy.

Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Fisheries, Aquaculture, and Marine
Resources to implement the National Fisheries and Aquaculture Policy, integrating it with other relevant policies.

It has been recognized that there is potential to develop selected places within. the Pelawatte Sugar Factory, owned by  Lanka Sugar (Private) Company Limited, as locations of tourist attraction.

Hence, the Cabinet of Ministers has approved the proposal presented by the Minister of Industry and Entrepreneurship
Development to call for expressions of interest following the prescribed procurement guidelines to identify suitable investors and to invite project proposals from eligible investors to develop the selected locations under Public-Private Partnership method.

The Cabinet of Ministers approved the  decision of the Food Policy and Security Committee to maintain the minimum purchasing price of 1 kg of Nadu paddy of prescribed standard at Rs. 120 and to increase the minimum purchasing price of 1 kg of Samba from Rs. 125 to Rs. 130 and the minimum purchasing price of Kiri Samba from Rs. 132 to Rs. 140.