Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Expolanka Freight to start hub operations under agreement with Sri Lanka investment agency
Wed, Feb 26, 2014, 09:44 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 26, Colombo: Expolanka Freight (EFL), one of the largest freight forwarders in Sri Lanka, has become the first investment company to start operation in all hub activities in the country.

Expolanka Freight has signed an agreement with the Board of Investment (BOI) of Sri Lanka under the new commercial hub regulation to start hub operations, the BOI said in a release.

"With Sri Lanka aiming to be a global hub for apparels and other consumer product, the country is well positioned in Asia as an emerging maritime hub with the availability of deep draft ports along the east west shipping route," the BOI said.

Following the new legislation, the government has further opened up the economy to allow free port activities including those related to international logistics and warehousing.

EFL, one of the leading and well recognized freight solutions providers, has established Expo Global Distribution Centre (EGDC) focusing exclusively to handle international logistics and value addition activities for the fashion industry with the aim to expand into other verticals. This project marks a new frontier for both Sri Lanka and EFL to offer third party logistics and retail supply chain management solutions to global customers, the BOI said.

EGDC will be the first company under the new regulation which can accept cargo for international warehousing and conduct value additions ultimately supporting just in time inventory models that have become increasingly popular with retail brands. The new facility is based at the Katunayake Zone and will offer full services for enter port trade, cross trade along with international warehousing and multi country consolidation.

This initiative supports the government vision of Sri Lanka becoming a commercial logistics shipping and aviation hub and is the first of its kind in South Asia.

ColomboPage - Recent 10 Stories
Sri Lankan Prime Minister to hold bilateral discussions with Indian Premier today
-- [6 hours ago]
Salawa explosion victims to take legal action to obtain compensation
-- [6 hours ago]
First Sri Lanka session on WTO Trade Facilitation Agreement opens today
-- [7 hours ago]
Sri Lanka Telecom hosts management committee meeting of two submarine cable maintenance consortiums
-- [7 hours ago]
Parliament to convene an emergency session on April 28 regarding waste disposal
-- [8 hours ago]
Pugoda Magistrate Court transfers case against former minister Basil Rajapaksa to Gampaha High Court
Sri Lankan Government has taken measures to strengthen parliament - PM
Sri Lanka Speaker calls on young lawmakers to act as role models for youth
Houses for 68 more families affected by Meethotamulla disaster
Central Province Minister resigns from post to protest father's removal from SLFP organizer post

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.