CL Synergy to open in India, Bangladesh

Harshini Perera

CL Synergy, a fully-fledged freight forwarding company in Sri Lanka will expand its operations to India and Bangladesh this year.

"We have seen a significant volume of contribution from the Bangladesh garment industry. CL Synergy will expand its operations to India and Bangladesh as part of our regional expansions.

The Bangladesh branch will be set up in the first quarter of this year. The Operations Head will be a local while the rest of the staff will be recruited from Bangladesh," CL Synergy Managing Director Roshan Silva told Daily News Business.

He said the volumes from Bangladesh will account to 99 percent from garments industry.

India will be the other regional branch and various sector volumes such as fibre and rubber products will be the main import-export goods.

Sri Lanka as well as the Asian region is coming out of the recession.

The exports and imports from these countries have grown significantly to countries such as Europe and USA. "Industries should step out with the right products that provide excellent opportunities for development.

Sri Lanka can practice the hub concept with the rapid development taking place in maritime and other sectors," he said.

CL Synergy had a turnover growth of 50 to 60 percent while the entire subsidiary had a growth. The staff of the company has also increased from 90 employees to 150 employees during last year.