By ChannaFernandopulle
Recently listed, freight forwarding and transportation conglomerate, Expolanka Holdings said that the company is planning to have its presence in Hambantota, where a new port and an airport are coming up.
According to its annual report released yesterday, Expolanka has started operations in the BOI zone in Hambantota.
Commenting on its operations in the area, Jagath Pathiran, CEO and Director of Expolanka Freight said that they went into Hambantota on a gut feeling.
"We are starting off work with Brandix in the BOI zone. We do some shipments for them. All the infrastructure that the government is building there is what triggered the move. We thought we’d go there early and be one of the first in the area. We’ve interacted with the Hambantota Chamber of Commerce quite a bit now," Pathirana said.At present, operations in Hambantota are limited mostly to small cargo but there are plans to expand further as more investment comes into the region.
"In time to come investors will require machinery, building material and the like cleared, delivered and stored in warehouses.
CPC has also not been able to carry out revaluation of assets within regular intervals to identify the impairment of its assts, specially the refinery plants and oil pumping system which has not been repaired for long period of time
source - www.dailymirror.lk
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