DHL to invest $ 8m on Lanka's logistic sector
Lumbini EDIRISINGHE
DHL, the world's premier express and logistics company will invest
US$8 million on Sri Lanka's logistic sector.
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Chief Executive Officer South Asia, DHL Global Forwarding
Thomas Tieber and Chief Executive Officer, South Asia
Pacific Amadou Diallo after the media briefing. Picture by
Sumanachandra Ariyawansa |
The company yesterday announced a joint venture agreement with
Capitol AEI (Pvt) to form DHL Global Forwarding Lanka which offers more
service capabilities to customers, integrating global forwarding
expertise and supply chain capabilities.
The new entity operates a combined warehouse area of over 380,000
square feet, a fleet of about 40 vehicles and employs almost 250 people.
Chairman, Capitol AEI (Pvt) Ltd and Member of the Board of Management
of DHL Global Forwarding in Sri Lanka Faiz-ur Rahman said they will
invest US$ 8 million over the next three years on the joint venture,
employees' training, upgrading of information systems and introducing
new services to the market.
DHL is focusing on the fashion and apparel industry with an excellent
potential market in Sri Lanka. He told Daily News Business that they
also hope to initiate a new strategic plan for areas in the North East.
We are quite confident of exploring logistic opportunities in the
liberated areas, he said.
"We have a positive outlook towards the ongoing North East
developments and hope to locate strategic places in the North East and
provide infrastructure facilities in the new logistic areas in the North
East," he said.
DHL Sri Lanka has shown tremendous growth in the past twenty-seven
years despite the ups and downs of the economy, he said. |
