Aug 17, 2019

Sri Lanka’s first vehicle assembly plant launched in Mathugama

Prime Minister of Sri Lanka - Ranil Wickremesinghe and High Commissioner of India - Taranjit Singh Sandhu, today (17) inaugurated Sri Lanka’s first vehicle assembly plant built by Mahindra Ideal Lanka (Pvt.) Ltd in Mathugama.

Mahindra Ideal Lanka (Pvt.) Ltd. is a joint venture between Mahindra & Mahindra of India and Ideal Motors of Sri Lanka.

Mr. Charitha Ratwatte, Advisor to Prime Minister; Chairman, Board of Investment, Mr. Mangala Yapa; senior officials from Government of Sri Lanka; Mr. Nalin Welgama, Chairman, Ideal Group of companies; and Dr. Pavan Goenka, Managing Director, Mahindra & Mahindra Ltd and several other dignitaries attended the inaugural event.

Prime Minister Ranil Wickremesinghe in his address mentioned the substantial opportunities that exist for industrial collaboration between Indian and Sri Lankan companies given the complementarities. He also thanked the Indian leadership for continued confidence in and support to Sri Lanka.

In his address, the High Commissioner noted that the state-of-the-art manufacturing plant set up in Kalutara by the India-Sri Lanka joint venture is a reflection of what India and Sri Lanka can achieve together collectively. He added that the Plant symbolises the promotion of ‘Make in Sri Lanka’ alongside ‘Make in India.’ The High Commissioner pointed out that it also demonstrated the commitment of Indian companies to stand with Sri Lanka during difficult times.

The Plant primarily caters to the local market. It will create local jobs; bring in investments as well as technology innovation and skill sets. It will contribute to the overall growth of the Sri Lankan economy.