Sri Lanka to get Volkswagen plant: PM

ECONOMYNEXT – Germany’s Volkswagen is planning to set up a car plant in Sri Lanka, Prime Minister Ranil Wickremesinghe has said.

The factory will be set up in Kurunegala in the north Central Province, he told a party rally in Colombo on July 11.

Deputy Economic Policy Minister Harsha de Silva said in January that Volkswagen has been trying to set up a plant in Sri Lanka since 2008, but has not suceeded due to unspecified reasons.

Sri Lanka now has several car assembly plant which are engaged in tax – arbitrage.

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