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Sri Lanka to sign deal with Volkswagen this week

Staff 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.
Sri Lanka Volkswagen
Auto industry   Just one month after staring talks
“From the day Volkswagen said they wanted to invest in Sri Lanka to signing an agreement with them this government took just one month,” Deputy Minister of Highways & Investment Promotion Eran Wickremaratne said.

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.