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SLPA Terminals Record All-Time High of 2.41 Million TEUs in 2024 Amidst Competition
In 2024, Sri Lanka Ports Authority (SLPA) terminals achieved their highest-ever throughput, reaching 2.41 million TEUs amidst competition. SLPA alone contributed 2,413,012 TEUs, emphasising its vital role in the port’s performance despite ongoing construction at both terminals. The Port of Colombo, together with other terminals, also hit a historic milestone with a total throughput of…
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Sri Lanka’s Local Vehicle Assembly Industry: A Catalyst for Economic Growth and Opportunity
Sri Lanka’s local assembly and automotive component manufacturing sector has become a significant pillar of the nation’s economy, driving job creation, conserving foreign exchange, and fostering technical innovation. Operating under the Ministry of Industries’ Standard Operating Procedure (SOP), the industry currently boasts over 17 assembly plants producing a range of vehicles, including motorcars, SUVs, motorcycles,…
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