New Sri Lanka logistics park to offer inventory management, handle returns
ECONOMYNEXT – A logistics facility Sri Lankan conglomerate John Keells Holdings is building with an investment of 13.96 million US dollars will provide a range of services for businesses, from inventory management and value addition to managing returns.
The Board of Investment said it signed an agreement Monday with Logipark International (Pvt) Ltd., a unit of JKH, to construct, commission, and operate the logistics center.
It will provide integrated logistic services, container freight station, multi country consolidation and a range of local and international logistics solutions, a statement said.
The facility will be located within the Muthurajawela Logistics Zone in Kerawalapitiya, Wattala, north of Colombo.
Senath Jayatilake, Chief Executive and Vice President of the John Keells Group, said John Keells Logistics, which will control the facility, is a key player in the third party logistics business.
“This latest venture will further enrich our service portfolio by establishing a world-class infrastructure platform capable of providing superior warehousing and fulfillment solutions to both local and foreign supply chains,” he said.
“Fulfillment solutions cover the entirety of a client’s supply chain including inventory management, order picking, packing, value addition, assembly, delivery, and returns management of products,” Jayatilake said.
“This is a considerably large operation with a cargo storage capacity of 40,000 cubic meters. The facility is also capable of handling over 300,000 cubic meters of cargo per month in a single shift operating model.
“There will be multiple users and industries occupying this facility, and it will offer a one-stop-shop service proposition for fulfillment and warehousing requirements.”
Fast-moving consumer goods such as food, household items, electronics, garments as well as industrial product such as paints and lubricants would be handled at LogiPark International.
This would also include both imports and exports cargo from many existing and future BOI enterprises.
“We can offer services to BOI enterprises as our facility is at the foot of the country’s highway master plan and therefore, can reach all parts of the Island in addition to the international airports very efficiently,” Jayatilake also said.
“An excellent connection to the highway means that many consumer goods can reach the market within very short lead times. We can expect this to also fuel more efficient trucking operations. “
He said operations will be completely paperless and digital.
(COLOMBO, March 11, 2019-SB)