A vehicle fleet is already visible at the harbor due to the rapid growth of Hambantota Internation Port. Most of them are made in India, then taken to Hambantota, and shipped all over the world from Asia, Latin America, and even North America, where they are sold to tourists.
This year, despite the COVID-19 epidemic, RoRo volume has actually grown. Newly inked investment deals are also expected to jumpstart export-oriented manufacturing in the Port Industrial Park and create domestic container traffic.
As a result of the international community’s interest in Sri Lanka, we came up with the HIPG speed idea. I mean, the world is very straightforward. We wanted to make it easier for investors to get the necessary permissions to start firms.
Sabrina Edirisinghe (Senior Manager of the Port Industrial Park)
HIPG inked a 16 million dollar agreement with Shenzhen Xinji Group in June 2011.
Sri Lanka’s southern edge is home to the international port of Hambantota. There is also a port-owned industrial park. In addition, the first and a few additional investments are in the process of being built.
A Chinese business, Shandong Haohua Tires, invested $300 million in November of last year to produce tires for export.
We need to be able to create enough cargo to be able to stand on our own two feet and not rely on transshipment as much as possible. the objective is to manufacture in your own nation instead of relying on transshipments.
Ravi Jayawickreme (CEO of Hambantota Ports Investment Services – HIPS)
