BOI signs agreement for USD1.8mn warehousing & logistic project in Malwana

Jan 08, 2019 (LBO) – Sri Lanka's Board of Investment has signed an agreement with Skylift Container Depot and Logistics to set up a facility that would be engaged in warehousing and logistics services with a container depot. This project with a total value of 1.

83 million US dollars will be located at Walgama, Malwana and provide employment for 49 employees.

The Agreement was signed on behalf of the BOI by Hemasiri Fernando, Chairman of the Board and Roshan Buthgama, Managing Director of Skylift Container Depot and Logistics (Private) Limited.

“We have considerable experience in handling of logistics and container depots both in Sri Lanka and in Melbourne, Australia," Roshan Buthgama stated. "We are confident that many of the BOI enterprises at the Biyagama Export Processing Zone will be our future customers, as this will be very advantageous for all companies,” “The activities of the logistics center would include handling of both inbound containers which would include raw materials and machinery and outbound finished products.” Supplementary agreements were also signed with existing BOI enterprises engaged in furniture, agro-based industry, glass manufacture, and winter clothes manufacture.