Mar 11, Colombo: The Board of investment (BOI) of Sri Lanka signed an Agreement with Logipark International (Pvt) Ltd to construct, commission and operate a logistics center to provide integrated logistics services, container freight station, multi country consolidation and a range of local and international logistics solutions.
The Agreement was signed by Zafir Hashim, Sector Head - Transportation Sector, Executive Vice President of the John Keells Group. Also present was Mrs. Champika Malalgoda, Director General of the BOI.
The facility which will employ staff, will be located within the Muthurajawela Logistics Zone in Kerawalapitiya, Wattala. The total value of this investment is US$ 13.96 million.
Senath Jayatilake, Chief Executive Officer, Vice President of the John Keells Group, stated "John Keells Logistics is a key player in the 3PL landscape of Sri Lanka. And this latest venture will further enrich our service portfolio by establishing a world class infrastructure platform capable of providing superior warehousing and fulfillment solutions to both local and foreign supply chains."
Fulfillment solutions cover the entirety of a client's supply chain including inventory management, order picking, packing, value addition, assembly, delivery and returns management of products.
"This is a considerably large operation with a cargo storage capacity of 40,000 cubic meters. The facility is also capable of handling over 300,000 cubic meter of cargo per month in a single shift operating model," Jayatilake said.
"There will be multiple users and industries occupying this facility, and it will offer a one stop shop service proposition for fulfillment and warehousing requirements," Jayatilake added
Fast moving consumer goods such as food, household items, electronics, garments as well as industrial product such as paints and lubricants would be handled at LogiPark International. This would also include both imports and exports cargo from many existing and future BOI enterprises.
"We can offer services to BOI enterprises as our facility is at the foot of the country's highway master plan and therefore, can reach all parts of the Island in addition to the international airports very efficiently. An excellent connection to the highway means that many consumer goods can reach the market within very short lead times. We can expect this to also fuel more efficient trucking operations," Mr. Jayatilake also said.
Commenting on the cutting edge technology of the facility, he added that the operations will be completely paperless and digital and they expect to introduce many first time technologies at the facility.