Sailing Lure

May 09, 2012 (LBO) - Sri Lanka is to hold its third international boat show later this month, looking to increase exports and also create a boating culture in the island and attract affluent local buyers.

"The two previous two boat shows held in 2008 and 2010 created new business ventures and led to increased orders for boat manufacturers and equipment suppliers," said Neil Fernando, chairman of the Boat Building Technology Improvement Institute, set up to encourage local boat building.

"Boat building is an emerging export sector in Sri Lanka and we are on par with international boat building standards and can compete with any manufacturer in the export market," he told a news conference.

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The 'Boat Show Sri Lanka 2012', which will feature about 40 exhibitors, will be held during May 18-20 and is expected to attract around 20,000 foreign and local visitors.

A conference held alongside the boat show will have presentation from international experts on boat design, building and managing marinas and use of new materials and technology in boat manufacturing

The industry is building vessels of varying types and specifications for customers in the United States, the United Kingdom