Now, Sri Lanka will produce cars of major brands to export to other countries in Asia. An Australia based company, Overseas Vehicles Sales Limited, will relocate its conversion facility in Sri Lanka to a larger place to increase its capability.
In a meeting with the Indian delegation, Sri Lanka’s Minister of Enterprise, Dr. Sarath Amunugama, said that because of economic prosperity, countries like China, India, Malaysia and other countries in Asia are observing a rise in the demand of vehicles. As a result, Overseas Vehicles Sales Limited has re-shifted their conversion facility to a newer and larger place. Daily Mirror reports:
The recently signed agreement with the Australia based company Overseas Vehicles Sales Limited is a step in that direction. Messrs. Eshana de Silva and Upali Samaraweera (both Board Members of the BOI) signed the Agreement on behalf of the Board of Investment of Sri Lanka and the investor, Mr Peter Hill was formally presented with the BOI Certificates of Registrations.
Under the new Agreement, Overseas Vehicles Sales Limited will relocate their project from Negombo Road, Peliyagoda to Kirimandala Mawatha, Narahenpita. The Director/ General Manager is Mr Ajith Rodrigo, who has many years experience in the automobile industry. Mr Suresh Edirisinghe, who is the son of Mr Gamini Edirisinghe, Chairman of Edirisinghe Brothers Ltd will head the International Sales and Marketing of the vehicles.
Overseas vehicles sales are currently engaged in converting large US built vehicles made by General Motors from left hand to right hand drive for the export market. The vehicles they import are essentially 4-wheel drive Sports Utility vehicles (SUVs) of the Cadillac, GMC and Hummer brands.The Investor, Mr Peter Hill, an Australian national, decided to locate his plant in Sri Lanka as he had many family friends in the island. “This was the main selling point,” he added.
Overseas Vehicles Sales Limited has been operating in Sri Lanka since 2003. Looking at the rise in the demand of top brand American cars, the company shifted from its previous location to a bigger and larger facility. Currently, it is converting the Hummer, a civilian version of the US built military car, from left to right. The company produces right hand drive dashboards, windscreen wiper panels, centre consoles, electric seats, heater boxes, bracketing for air conditioning, steering boxes and the brake system.
This deal has created a win-win situation for both parties. As Overseas Vehicles would be able to produce more cars taking advantage of the cheap labor and the port of Sri Lanka which is connected to other major ports of the Asian countries, Sri Lankan Board of Investors considers this as an opportunity to promote skill developing investments. The new conversion plant at Kirimandala Mawatha in Narahenpita is an ISO standard facility with very latest equipments. 50 Sri Lankan workers have been trained to operate the machineries.
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