Saturday, January 05, 2013

Sri Lanka gearing up to tap Indian market


Colombo: Close on the heels of Sri Lanka expanding the Colombo port in a big way, primarily to cater to the Indian market, the country is also setting up an MRO facility at an up-coming airport, again, targeting the Indian market
The Colombo port expansion project, named South Harbour, is west of the existing port of Colombo, and sprawls over 600 hectares. The plan is for having three terminals each having 1,200m length and facilities to accommodate the berths alongside. An additional 7.5 MTEU capacity will be available after completion of the third stage of the Colombo Port Expansion Project. The terminals will be operational by August 2013.
Most mother vessels, with cargo for India, call on Colombo or Salalah. As the Indian market expands, Colombo port is taking steps to tap this market. The Hambantota Port will also be used to tap the Indian market.
04/01/13 RK Radhakrishnan/Business Line
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