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Sunday, 29 April 2012 - 17:56
Sri Lanka ports to lure export industries: official
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Sri Lanka's ports will be positioned, as logistics hubs to help attract foreign investors for export-oriented industries to generate the cargo volumes, needed to continue, to lure big shipping lines.

Sri Lanka Ports Authority chairman Priyath Wickrama said, ports will provide warehousing and other services to offer 'just-in-time' supply systems, to attract large manufacturing companies from India.

Sri Lanka Ports Authority chairman Priyath Wickrama said further, that major shipping lines call over at the Port of Colombo, primarily to trans-ship containers to the Indian sub continent, and that almost 60 percent of Sri Lanka’s trans-shipment is bound for India, and that unless, Sri Lanka increases substantially its base cargo in the form of export products to the USA, Europe and Asia, Sri Lanka may not be in a position to lure main line vessels.

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