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Sri Lanka lays foundation to start building Volkswagen assembly plant

January 3, 2017
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    The first coin was officially presented to Hon. Ranil Wickremesinghe, the President of Sri Lanka by Dr. P. Nandalal Weerasinghe, Governor of CBSL at the President’s House at Kandy

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    The first coin was officially presented to Hon. Ranil Wickremesinghe, the President of Sri Lanka by Dr. P. Nandalal Weerasinghe, Governor of CBSL at the President’s House at Kandy

    Central Bank issues a Coin to mark 75th Independence Celebration of Sri Lanka

    Kompanna Vidiya

    No more ‘Slave Island’, it’s ‘Kompanna Vidiya’

    Renaming Slave Island blots out a colonial blemish

    Renaming Slave Island blots out a colonial blemish

    Electricity

    Power cut schedule for today in Sri Lanka: February 3rd

    Cows

    China says it successfully cloned 3 highly productive ‘super cows’

    Reserve Bank Of India (RBI)

    India cenbank asks local banks for details of Adani exposure

    U.S. Under Secretary of State for Political Affairs Victoria Nuland

    China has not done enough on Sri Lanka debt restructuring – U.S. diplomat

    Gautam Adani

    Adani loses Asia’s richest crown as stock rout deepens to $84 billion

    top university in Sri Lanka

    Top 20 Sri Lankan universities revealed: Webometrics

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    U.S. Under Secretary of State for Political Affairs Victoria Nuland

    China has not done enough on Sri Lanka debt restructuring – U.S. diplomat

    UK hit by biggest strike action in more than a decade

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    Bangladesh

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    Chief pilot Ian Porter with wife Michelle, daughters Samantha and Sydney, who act as his co-pilots, and son Christopher.. Image credits - Samantha Porter

    The family of five flying around the world in a tiny plane

    Tory peer accused of ‘racially charged’ attack on BBC Modi documentary

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    Robert Clive and the taking of India

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    Gandhi’s influence on Sri Lanka’s non-violent Independence struggle

    Gandhi’s influence on Sri Lanka’s non-violent Independence struggle

    The world is tired Of United States’ wars

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    Prince William and Prince Harry arrive at the Canadian National Vimy Memorial in Vimy, France on April 9, 2017.. Image credits - Jack Taylor/Getty Images/File

    Prince Harry’s ‘Spare’ creates world record, becomes fastest selling non-fiction book

    Cocaine Bear (Credit: Universal Pictures)

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    Your child’s academic success may start with their screen time as infants

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Home Around South Asia Sri Lanka

Sri Lanka lays foundation to start building Volkswagen assembly plant

Editor by Editor
January 3, 2017
in Sri Lanka
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Colombo, Jan 3 (NIA) – Sri Lankan Prime Minister Ranil Wickremesinghe, on Tuesday, laid the foundation stone to build a Volkswagen assembling plant in Kuliyapitiya, in north central Sri Lanka.

The 26.5 million dollar plant is promoted by Sri Lanka’s Senok Automobiles group, which has the agency for Volkeswagen.

Under the BOI agreement signed, the investor will assemble vehicles in the 1000 cc to 2000 cc category.  These vehicles will be diesel powered and include passenger cars, Sport Utility Vehicles (SUV), Multi Utility Vehicles (MUV) or commercial vehicles.

ADVERTISEMENT

Initially these vehicles would be marketed locally for a period of 3 years and thereafter the vehicles manufactured will be exported to overseas markets.

Volkswagen is a leading German automobile manufacturer based in Wolfsburg, Germany.   The Company was founded in 1937 and produces cars, trucks and buses.  It is best known for Iconic models such as  Beetle, Golf and Passat.

The uniqueness of the project would be the inflows of German advanced automobile technology into the country and creating of job opportunities for the local youth.

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