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VOLKSWAGEN COMPANY TO INVEST IN SRI LANKA

Aug 25, 2011 6:04:18 AM - itnnews.lk

The world renowned Volkswagen Company has forwarded a proposal to invest in the Southern Sri Lanka.

According to the Ports Authority it is proposed to assemble vans at the Ruhunu Magampura Port Investment Zone.

It is planned to assemble vans with 8, 10 and 12 seat capacity mainly for the local market as there is a high demand. The Volkswagen vans will also be exported.

The Micro Car Company has also tendered to be the other player in the motor assembly facility at the Ruhunu Magampura Port. Associated Motorways too is willing to set up a Maruti car assembly plant in the area mainly to service the local market.