Cabinet approves tyre plant in Horana

19 October 2016 05:03 pm - 5 - {{hitsCtrl.values.hits}}

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The cabinet had approved the establishment of a radial and solid tyre plant in the Horana area with the investment of US$ 75 million, within the next four years, Cabinet Co-Spokesman Gayantha Karunathilake said.

Establishing of the plant, the Government plans to export 60 percent of its total production, while creating more than 1,000 jobs.

The proposal was made by Development Strategies and International Trade Minister Malik Samarawickrama.

The tyre plant would be facilitated by an investor through the Sri Lankan Investment Board, the Minister said. (Chaturanga Pradeep)

Video by Amantha

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Comments - 5

Jagath Leanage Wednesday, 19 October 2016 05:17 PM

What has happened to Volkswagen plant ?

ET Wednesday, 19 October 2016 05:41 PM

We already import more rubber than we produce. So what is next....

Sim Wednesday, 19 October 2016 08:03 PM

No Action Talk Only

Arnold Thursday, 20 October 2016 10:40 AM

Let's atleast start with the tyres, will you.

lkboy Thursday, 20 October 2016 11:13 AM

This is good work.

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Cabinet approves tyre plant in Horana

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