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* Sri Lanka's BOI signs agreement with Skylift for warehousing and logistics facility in Malwana
Tue, Jan 8, 2019, 05:06 pm SL Time, ColomboPage News Desk, Sri Lanka.

New facility will be advantageous to exporting enterprises

Jan 08, Colombo: The Board of Investment (BOI) of Sri Lanka signed an Agreement with Skylift Container Depot and Logistics (Private) Limited to set up a facility with a container depot for warehousing and logistic services.

This project with a total value of US$1.83 million will be located at Walgama, Malwana and provides employment to 49 employees.

BOI Chairman Hemasiri Fernando and Roshan Buthgama, Director and Managing Director of Skylift Container Depot and Logistics (Private) Limited signed the agreement.

Roshan Buthgama said the company has considerable experience in handling of logistics and container depots both in Sri Lanka and in Melbourne, Australia. "We are confident that many of the BOI enterprises at the Biyagama Export Processing Zone will be our future customers, as this will be very advantageous for all companies," he added.

"The activities of the logistic center would include handling of both inbound containers which would include raw materials and machinery and outbound finished products."

"We are able to finalize this project from scratch in a matter of 2 and a half month which was possible thanks to the efforts of the BOI. I must add that this included the need to obtain the additional approvals required from other State institutions," Buthgama said.

Supplementary Agreements were also signed with existing BOI enterprises engaged in furniture, agro-based industry, glass manufacture and winter clothes manufacture.


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