Volkswagen to establish plant in Sri Lanka soon - Ranil

Sri Lanka's Prime Minister Ranil Wickremsinghe reassured parliament on Friday that German car giant Volkswagen had not suspended its work in establishing a car plant in Kuliyapitiya, after concerns were raised about a delay in starting the construction.

The government information department quoted Mr Wickremesinghe as saying that the factory will commence operations within 2 years. “Volkswagen investment came to the country before 2015,” the prime minister is reported to have said.

“The company has made an investment of 265 million US Dollars and it will create around 200 job opportunities,” Minister of Development strategies and International Trade Malik Samarawickema said to parliament.

Sri Lanka offers 8 year tax holiday to lure Volkswagen (15 August 2015)

Sri Lanka to receive nearly $4bn of FDI this year - Board of Investment (04 Aug 2015)

Bribes deterred German investors from Sri Lanka claims minister (14 July 2015)

Sri Lanka to get Volkswagen plant - Ranil (13 Jul 2015)

Sri Lanka misses fiscal deficit target in 2014 (03 May 2015)

Sri Lanka to streamline processes to lure more African and Asian FDI (21 April 2015)

Sri Lanka’s economic growth to decline, more FDI required – World Bank (16 April 2015)

Sri Lanka to reduce FDI barriers (29 March 2015)

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