[ad#200×200] The Board of Investment of Sri Lanka granted investment approval to W T L Automobiles (Private) Limited for a project to assemble motor vehicles for the local market.
W T L Automobiles (Private) Limited signed the agreement to assemble vans in the same class as the Hiace. The vehicles assembled in Sri Lanka will be sold under the trade name WTL. The venture will utilize parts imported from China as well as parts manufactured locally in the assembling process.
W T L Automobile has successfully assembled a sample WTL van and has had successful test runs. Construction of the assembling plant will start immediately and expects to commence commercial operations within 6 months.
The plant will be semi automated and the equipment will be imported from China. The director said that they will be using a semi automated process in order to utilize the skilled labour available and to generate more employment opportunities.
This project is an investment of Rs. 216 million that will generate 50 new employment opportunities in the automobile industry. The vehicle assembling plant of company will be located in the Mirijjawala Industrial Park in Hambantota.
News.lk