By Bozhin Karaivanov on Unsplash
Invest in or provide project financing to develop and operate cold storage facilities and refrigerated transportation systems for perishable foods. Companies active in this IOA space:
Tess Cold Chain Facilities: Established in 1992 being Sri Lanka’s first cold chain operator - engages in hiring out short- and long-term cold storage to exporters and importers who need storage facilities. As at 2018 the company has 45000 cubic ft of cold rooms of 500 tons capacity, and operates over 20 reefer containers.
Finlays Colombo Limited: Has been operating in Sri Lanka since 1893 and is the largest of its kind in Sri Lanka, with nationwide service capabilities that offer a cold storage capacity of 14,000 pallet positions.
Cargo Hub: Offers freeze Blast freezing facility up to -40 celcius level and caters into specialized products. This facility is linked to cold storage logistics services that caters to both local and international markets. The company is set up based on the experience of the mother company Taprobane Seafood Private Limited which is a leading fisheries sector exporter in Sri Lanka founded in 2011.
Reduce post-harvest loss and increase value added agricultural exports
- 1) Department of Census and Statistics (2022). National Account 2015 Base. http://www.statistics.gov.lk/NationalAccounts/StaticalInformation/2015/Reports/Annual_A49/GDP_co_2010-2021 2) Central Bank of Sri Lanka (2022). Annual Report 2021.https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/2021/en/9_Chapter_05.pdf 3) Department of Census and Statistics (2022). Quarterly Report of the Sri Lanka Labor Force Survey - Second Quarter 2021. http://www.statistics.gov.lk/LabourForce/StaticalInformation/QuarterlyReports/2ndQuarter2021 4) United Nations Office for the Coordination of Humanitarian Affairs (OCHAO and The UN Resident Coordinator's Office (RCO) (2022) Sri Lanka Food Security Crisis - Humanitarian Needs and Priorities: June – Sept 2022 https://srilanka.un.org/en/185471-sri-lanka-humanitarian-needs-and-priorities-plan 5) The Global Food Security Index (2020): https://impact.economist.com/sustainability/project/food-security-index/ 6) The Public Investment Programme (2021-2024):https://www.npd.gov.lk/images/publications/PIP_2021_2024.pdf 7) The National Agriculture Policy (2021): https://www.agrimin.gov.lk/web/images/pdf/Policy/2021.03.27%20-%20NAP/NAP%20Web%20Version%20-%2026%20March%202021.pdf
- 8)Land (Restrictions on Alienation) Act no 38 of 2014 http://www.ird.gov.lk/en/publications/Acts_Land%20Tax/Land_Act_No._38(E).pdf 9) National Export Strategy - Logistics (2018 - 2022): https://www.srilankabusiness.com/pdf/nes/sri-lanka-logistics-4-3-web.pdf 10) Sustainable Development Council Website for SDG indicators: https://data.sdg.lk/access/2 11) Inland Revenue Department: Income Tax rate (2022): http://www.ird.gov.lk/en/publications/SitePages/Tax_Chart_2021.aspx?menuid=1404 12)Central Bank Annual Reports (2015-2019: https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports