March 13, 2009 (LBO) – Global logistics firm DHL said it will invest eight million dollars in Sri Lanka to set up a joint venture for supply chain services, including those tailored for the island’s apparel export industry. The investment of just over 800 million rupees in three years will go towards the joint venture, employee training, upgrading of information systems and introducing an enhanced range of services for businesses in Sri Lanka, a DHL statement said.
“We are very optimistic about Sri Lankaâ€™s growth potential,” Amadou Diallo, DHL Global Forwarding chief executive for South Asia Pacific said.
“Being strategically located along the major air and sea routes between Europe and the Far East, Sri Lanka is uniquely positioned to capitalize on the increasing trade flows between South Asia and Europe.”
The joint venture with Capitol AEI, DHL’s longstanding partner to form DHL Global Forwarding Lanka, will provide integrated forwarding and supply chain services.
The new entity operates a combined warehouse space of over 380,000 square foot, a fleet of about 40 vehicles and employs close to 250 people.
“Our commitment to invest in Sri Lanka is in line with the countryâ€™s efforts in promoting i