Be the First to Know

lanka ads

lanka matrimony

“Clear ‘blockages and red tape’ to prevent sink in LPI”

0 13
Logistics Industry
Top officials of Logistics & Freight Forwarders Association with Prof. Lalith Edirisinghe at the launch. Picture by Sudath Malaweera

The government must clear ‘blockages and red tape’ and speed up clearing processes in ports and airports or competitiveness of Sri Lanka’s Logistics Industry will further sink in the worlds ‘Logistic Performance Index’ (LPI) President Logistics & Freight Forwarders Association, Dinesh Sri Chandrasekera said yesterday

He was addressing the Logistics & Freight Forwarders Association organized, inaugural National Logistics Awards 2022 will be held on March 23 at Shangri La Colombo. More than 40 awards across 6 main categories, along with recognition awards, will be presented. He said that though several requests were made the industry is facing huge delays when clearing and loading merchandise from the port and this leads to lack of competitiveness.

He said since the pandemic global freight rate has increased by around 300%, “The recent fuel hike will also increase local handling charges by a big margin.”

Immediate past precedent of the association Roshan Silva said that Sri Lanka also needs urgent infrastructure for the logistics sector such as a cargo village and more warehousing soon to increase efficiency of the industry. Dean of the Faculty of Management of Social Sciences at CINEC Campus Prof. Lalith Edirisinghe said that Sri Lanka which showed signs of improving LPI (compiled by the World Bank) from 87 position in 2014, once again went back to 92nd position in 2018 from 160 countries. India today is at 44th position while Bangladesh is at 100th spot. He also said one of the main reasons for slow efficiency in ports and airports is the fact that the logistics industry falls into several ministries such as transport, shipping highways and aviation hence decision making is slow.

Project Chairman of NLA 2022 by SLFFA Shavindra Dias said, “It’s been quite some time since the industry has been recognised, both collectively and individually, which is why the NLA committee has been working tirelessly to host this event.”

Having worked throughout the challenges and restrictions, the SLFFA believes that the industry is long overdue for much needed recognition of its outstanding achievements.

“The awards ceremony will create greater awareness among the youth of this fast-growing industry and the opportunities available in this industry.”

Tuesday, March 15, 2022 – 01:00

Leave A Reply

Your email address will not be published.