Sports revenue to reach US$ 1 bn within five years: Namal
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Sri Lanka, Sept. 12 -- Sports will be made a US$ 1 billion revenue-generating subject within the next five years, said Minister of Youth and Sports Namal Rajapaksa.
He was speaking at the launch of the Lanka Sportreizen organised Open/National Surfing Championships which will be held on September 26 and 27, at Arugam Bay.
The Minister said that his plan to convert Sri Lanka Sports to a US$ 1 billion includes the local manufacture and export of sports equipment, sports apparels, and services to the world.
He is also said that hosting water and adventure sports events can also woo high spending tourists to Sri Lanka and hope to work with the Ministry of Tourism in this regard. "It will also be a good destination marketing tool for Sri La...
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