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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
Land for Sri Lanka Volkswagen assembly plant secured: BOI EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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    Land for Sri Lanka Volkswagen assembly plant secured: BOI

    avatar
    roshana7549


    Posts : 280
    Join date : 2014-04-18

    Land for Sri Lanka Volkswagen assembly plant secured: BOI Empty Land for Sri Lanka Volkswagen assembly plant secured: BOI

    Post by roshana7549 Mon Apr 11, 2016 1:09 pm

    pr 11, 2016 (LBO) – Sri Lanka’s Board of Investment has helped to secure land for the setting up of a Volkswagen assembly plant, the investment promotion agency said.

    “Through the successful facilitation by Upul Jayasuriya, chairman of the Board of Investment of Sri Lanka and his officials, working closely with the Ministry of Lands, land in the Kuliyapitiya area was secured for setting up the Volkswagen assembly plant in Sri Lanka,” the BOI said.

    “This land will be taken over by the BOI and would be formally handed over by the investment promotion agency to M/s Senok Automobile (Pvt) Ltd., for the assembly of cars manufactured by Volkswagen AG, the renowned German Company.”

    The agreement to assemble cars was earlier signed by Jayasuriya and Noel Selvanayagam, president of Senok Automombiles.

    A BOI Section 17 Agreement, the investor will assemble vehicles in the 1000 cc to 2000 cc category and these vehicles will be diesel powered and include passenger cars, Sport Utility Vehicles (SUV), Multi Utility Vehicles (MUV) or commercial vehicles.

    Initially these vehicles would be marketed locally for a period of 3 years and thereafter to overseas markets, according to the project.

    There is also potential to export petrol/electric/ hybrid vehicles built without the concessions given for assembling diesel vehicles.

    “The total value of this project is an investment of 26.5 million dollars of which 21.5 million will be invested in fixed assets within a period of 24 months.”

    BOI is very keen to attract other leading automobile manufacturers into the country as the industry creates opportunities for the creation of local component manufacturers that can supply the building of a complex product such as passenger car, it said.

    “The uniqueness of the project would be the inflows of German advanced automobile technology into the country and creating of job opportunities for the local youth.”

      Current date/time is Sun Jun 16, 2024 1:24 am