Kerry Logistics has formed a joint venture, Kerry Logistics Lanka, with IAS Holdings in Sri Lanka to strengthen its freight forwarding capabilities in South Asia.
In 2019, 46% of the total exports of Sri Lanka derived from the textiles and garments industry, amounting to $5.6bn, according to the Central Bank of Sri Lanka.
There are more than 300 apparel manufacturers in Sri Lanka, which are well connected to brands in Europe and the US.
Kerry Lanka operates an office in Colombo, as well as a bonded facility and office for export purposes at Bandaranaike International Airport.
Patrick Cheah, Executive Director – Global Air of Kerry Logistics, said, “Located in Sri Lanka, the intersection of freight routes in South Asia, Kerry Lanka will become a significant hub for Kerry Logistics and give a strong boost to our global connectivity.
“Plans are also in place to aggressively focus on the upstream of the supply chain to support the fashion industry vertical.
“The forming of the joint venture also marks the deepening of our presence in the South Asian subcontinent, rounding out our full suite of services in the region.”
In addition to Kerry Indev Logistics in India, Kerry Logistics has also established a subsidiary in Pakistan in 2018 to extend its footprint in the Indian subcontinent.
