Sri Lanka starts building Volkswagen assembly plant
ECONOMYNEXT – Sri Lanka’s Prime Minister Ranil Wickremesinghe laid the foundation stone for a plant to assemble Volkswagen vehicles.
The $26.5 million plant is promoted by Sri Lanka’s Senok Automobiles group, which is the agency for Volkeswagen.
Prime Minister Wickremesinghe kicked off construction of the factory in Kuliyapitiya in north central Sri Lanka on January 03.
The cars will be initially sold in the domestic market. Sri Lanka has high import duties for fully assembled vehicles. (Colombo/Jan03/2016)