Sri Lanka to sign deal with Volkswagen this weekStaff writer ▼ | August 12, 2015
Sri Lanka’s government will sign a deal with Volkswagen this week to make vehicles for export, one month after staring talks with the German firm which this year overtook Toyota as the world’s largest carmaker by sales.
Auto industry Just one month after staring talks
The agreement with the German automaker which will build a car assembly plant in Kuliyapitiya, in the North Central Province, will be signed by Prime Minister Ranil Wickremesinghe.
Volkswagen will produce vehicles for export.
Deputy Economic Policy Minister Harsha de Silva has said the firm will make models like Jettas, Passats and vans and export to south Asian countries and Africa. ■