Expolanka Freight to start hub operations under agreement with BOI
View(s):Expolanka Freight (EFL), a Board of Investment (BOI) enterprise, has become the first investment company to start operation in all hub activities in Sri Lanka following the signing of an agreement on Monday with the BOI, under the new commercial hub reguations.
EFL has established Expo Global Distribution Centre (EGDC) focusing exclusively to handle international logistics and value addition activities for the fashion industry with the aim to expand into other verticals. This project marks a new frontier for both Sri Lanka and EFL to offer third party logistics and retail supply chain management solutions to global customers.
“EGDC will be the first company under the new regulation which can accept cargo for international warehousing and conduct value additions ultimately supporting just in time inventory models that have become increasingly popular with retail brands. The new facility is based at the Katunayake Zone and will offer full services for entrepot trade, cross trade along with international warehousing and multi country consolidation. This initiative supports the government vision of Sri Lanka becoming a commercial logistics shipping and aviation hub and is the first of its kind in South Asia,” the statement said.