Under NDB's
novel 'Jayagamu Sri Lanka' project, the NDB recently signed a Memorandum of
Understanding (MoU) with Maersk as a means of helping exporters and providing
exporters with facilities and shipping expertise. "With a global presence
of 343 ports in 120 countries, Maersk can link Sri Lanka to the world and offer
its solutions globally to NDB exporters in the areas of inland shipping,"
added Ranaweera.
Maersk will also
help out with the NDB Exporters Network by linking Sri Lankan exporters to
specific global buyers, providing contact information, providing Sri Lankan
exporters with knowledge of the different countries' regulations, and the additional
quality requirements needed. In terms of
network connectivity and preparation, because of partnering with the growth of
the Sri Lankan economy, Maersk will be free of charge.
Maersk is an
integrated container logistics business that works to link and simplify trade
to help its customers expand and prosper. Marketing forms the backbone of the
global economy, and Maersk is helping to improve it by facilitating and streamlining
it for the customers. Small and medium-sized enterprises ( SMEs) contribute to
almost half of the economy in Sri Lanka and provide more than 52 per cent of
the workforce with jobs. Therefore, SMEs are an integral part of the ecosystem,
and they must have access to the right infrastructure to develop.
Twill, a Maersk
digital logistics company, provides door-to-door logistics solutions to its
customers over both land and sea. Twill gives its customers access to clear
price information, more straightforward online booking, more excellent
monitoring of shipments through tracking services, streamlined digital
reporting, access to Maersk's broad and reliable network, and a responsive 24/7
customer care.
By offering them
a digital, end-to-end logistics solution, Twill would make global trading less
complicated, quicker, cost-effective, and open to Sri Lankan SMEs. Maersk is
also introducing Maersk Flow, a digital platform that provides customers and
their partners with all they require to take care of their supply chain, from the
factory to market, to further assist SMEs with the challenge of managing their
supply chains. Maersk Sri Lanka Country Manager Siddharth Iyer said: "The
entrepreneurial potential of Sri Lankan small and medium-sized enterprises
could contribute strongly to economic growth in the region. We want to give
them access to international trade by reducing the uncertainty of supply chains
and making them open to foreign markets.
The bank, which
is Sri Lanka's fourth-largest listed commercial bank, is one of the fastest-growing
banks, with an aggregate average growth rate ( CAGR) of 21 per cent in advances
and 25 per cent in deposits over the past four years. Since its inception, NDB
Bank has been a catalyst in the nation's growth along with the NDB Community,
strengthening and empowering entrepreneurs, corporates, and individuals from
all strata of the economy.
OSL Take: The
announcement by the Sri Lankan President's office of Maersk line's intentions
of increasing container handling businesses in the Colombo Port of Sri Lanka is
a definite boost for the island nation's ports and shipping sectors. The Sri
Lankan government is devoted to making Sri Lanka reach hub status in the Indian
Ocean region. The confidence shown by critical international shipping lines
indicates the positive growth in Sri Lanka's maritime sector. Therefore,
foreign maritime companies could explore business/investment opportunities in
Sri Lanka's ports, shipping and logistics sectors
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