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Hambantota Port Industrial Park attracts global investors

by Kalpana Pandey
March 8, 2023
in News, Asia, Logistics Parks
Reading Time: 2 mins read
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Hambantota International Port

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Hambantota International Port’s (HIP) industrial park will expand its industrial park’s scope to include 90+ diverse industrialised classes within its dedicated free trade zone.

Several new categories have been added, including warehousing and logistics, electrical and electronics, mineral products, automobile manufacturing, apparel and textiles, petroleum and oil-related products, pharmaceuticals, rubber products, furniture and food production, etc. according to HIP’s master plan.

The Central Environmental Authority (CEA) has granted a Supplemental Initial Environmental Examination (SIEE) approval to HIP, which includes the consent of the BOI, SLPA, CCD, MEPA and several other government agencies, allowing the necessary environment blanket extension that will enable these new categories of industrial clusters to enter the Industrial Park.

The government agencies made several inspection visits and HIP conducted comprehensive field and technical studies on the port’s baseline environment prior to approval being granted. Introduction of new common user facilities and necessary infrastructure are also factored in and the port will soon align with the parameters set by the government regulations and monitored by relevant institutions, to accommodate a broader range of industries.

“Besides giving industries easy access to port services, our Port-Park model also makes it easy for cargo imports and exports to take place, providing them with a range of facilities.  Under our ‘HIP Speed’ concept, we assist them to get the necessary government approvals as well as being involved in the setup and operation of their businesses. Through the expansion of industrial cluster categories that can operate within the park, we will strengthen our position as a partner in Sri Lanka’s development by bringing global industries to operate on Lankan soil. This will no doubt boost Sri Lanka’s export earnings,” said Hambantota International Port Group CEO Johnson Liu.

Tags: Hambantota port
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