Sri Lankan authorities in discussion to get world’s biggest logistics firms to invest in the country
Authorities in Sri Lanka are reportedly having talks with some of the world’s biggest logistics firms like Germany’s DB Schenker and Switzerland’s Kuehne & Nagel to explore possibilities of getting them to invest in the island nation.
Chairman of Sri Lanka Ports Authority (SLPA), Kavan Ratnayake has been quoted as saying that logistics was a key part of the newly developed national ports master plan which will help attract investors, needed to expand and modernise the sector.
Sri Lanka’s Minister of Ports and Shipping Sagala Ratnayake has already held talks with top European-based global logistics firms during a visit to Germany this week.
“The Minister was in Munich with representatives from 26 logistics companies. He’s talking to world-class companies like DB Schenker and Kuehne & Nagel to try to get them to invest here,” Ratnayake has told the media.
Germany’s DB Schenker, the transport and logistics division of the Deutsche Bahn Group, already has a partnership with Aitken Spence group through which it is represented in Sri Lanka and the Maldive Islands, reports state.
Swiss freight-forwarding group Kuehne & Nagel International, whose sea freight is the largest part of the business, has offices in Colombo and Katunayake, where the international airport is located, reports added.
OSL take:
The government of Sri Lanka is engaged in making the country a maritime hub in the Indian Ocean. The country’s geographical positioning adds a great advantage in achieving this target. Sri Lanka’s ports, shipping and logistics sectors have undergone many positive developments in the past few months. Therefore, foreign companies could explore business/investment opportunities in Sri Lanka’s maritime sector.
| Article Code : | VBS/AT/11062019/Z_5 |