Sri Lanka is situated in the Maritime Silk Road linking China’s coastal cities to Africa and Europe via the South China Sea and the Indian Ocean. Sri Lanka’s strategic position, connecting east and west on the new Maritime Silk Road offers the opportunity to re-establish and promote the country as a key trading hub in the Indian Ocean, with obvious benefits to commerce and business throughout the nation.
The Sri Lankan logistic industry contributed an estimated 3% to national GDP in 2016 and is forecasted to contribute at least 10% by 2020. At present, the country has over 200 ships passing though Sri Lankan territorial waters daily, while the Southern tip of Sri Lanka is only 8 nautical miles from the main East-West shipping route.
In recent years, Sri Lanka has become a thriving logistic hub in the South Asian region. With a unique geographical location with India as its closest neighbor, and proximity to the international ocean routes that link Asia to Europe, the country is perfectly positioned to develop its logistics sector. In fact, Sri Lanka is currently a partial gateway to the Southern and Eastern part of India catering to transhipment services of South India. Resultantly, the country has developed logistics capabilities and is able to provide integrated and value-added services to international trading and transportation companies. As an emerging market for the key sourcing base in South Asia for international buyers in apparels and tea, Sri Lanka’s logistics sector provides warehousing, freight forwarding, transhipment, transportation, and supply change management services.
Investment in the Allied and / Ancillary sub-sectors:
- Entrepot Trade
- Supply Change Management
- Maritime Services
- Trading Houses
- Multi-Country Consolidation