Volkswagen’s plans to set up an assembly plant in Kuliyapitiya, Kurunegala will go ahead despite its controversy in Europe.
Board of Investment Chairman, Upul Jayasuriya speaking to Daily News Business said the land in Kurunegala too has now been allocated for them. “Volkswagen has agreed to invest US$30 million to set up a vehicle assembly plant of semi-knock down units in Sri Lanka,” he said. Jayasuriya said that the controversy in Europe may give them an additional opportunity for them to concentrate in Asia and this plant will help them to peruse this goal.
Senok Automobile is the local agent for the project. As Volkswagen is currently the world’s leader in automobile manufacture,overtaking Toyota of Japan, this project is a very high profile one and a statement about Sri Lanka’s growing attractiveness as a destination for investment.