ASIA'S DEVELOPING LOGISTIC HUB: SRI LANKA
Sri Lanka is a popular place for logistical development due
to its advantageous location along the key maritime and aviation routes in the
South Asian region.
The country is a key logistics centre in the area, providing
entrepot and transhipment services to top shipping lines and exporters due to
its closeness to expanding markets and its previously developed air and seaports
in Colombo and Hambantota. Based on the volume of containers handled over the
previous five years, the World Shipping Council has consistently placed Sri
Lanka's Colombo Port among the Top 50 World Container Ports, ahead of other
South Asian ports.
Landscape Logistics in Sri Lanka
Sri Lankan logistics services contribute 2.5% of the
country's GDP, or about USD 2 billion, comes from logistics services in Sri
Lanka. The domestic transit of passengers, fisheries, and interregional
domestic cargo transportation are not included in the list of logistics
services, which also includes container trucks, warehousing, ports, and
shipping.
It is estimated that logistics account for 7% of all
national exports. Over 40,000–50,000 individuals are directly employed
full-time by the sector. Of the registered service providers, about 70% are
local, and the remaining 30% are global. There are currently 500+ businesses
registered with the Merchant Shipping Secretariat (MSS), which also includes
clearing agents, as well as 130 shipping agencies, 120 freight forwarders, and
120 clearing agents. The country boasts the highest road density in South Asia,
with 173.9 km, in addition to expanding its seaports.
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