Friday Nov 15, 2024
Friday Nov 15, 2024
Thursday, 12 January 2023 00:00 - - {{hitsCtrl.values.hits}}
From left: High Commissioner of India to Sri Lanka Gopal Baglay, TVS Lanka Chief Operating Officer – New Vehicle Sales and Operation Geethal Anthony and TVS & Sons, India Vice President P.K. Kannan
From left: TVS Lanka Chief Operating Officer – New Vehicle Sales and Operation Geethal Anthony, TVS & Sons, India Vice President P.K. Kannan and High Commissioner of India to Sri Lanka Gopal Baglay
High Commissioner of India to Sri Lanka Gopal Baglay, visited TVS Lanka vehicle assembly facility in Horana recently coinciding with its one-year anniversary. During the visit, he interacted with managers and technicians who were given special training in India.
Gopal Baglay appreciated TVS’s noteworthy contribution to the Sri Lankan economy at this critical time. He expressed hope that other Indian enterprises follow TVS’ lead and join hands with the Sri Lankan businesses and Government in dealing with the present crisis and revitalising the Sri Lankan economy. He said that Sri Lankan youth have a lot to offer in terms of skills, talents and resources.
The management briefed him on plans of TVS to bring even more versatile and sustainable solutions to Sri Lanka in the foreseeable future in collaboration with TVS India. TVS Lanka’s new facility is primarily for assembling two-wheelers under the concept of “Domestic Value Addition” promoted by the Ministry of Industries, in keeping with global standards and protocols. The new facility incorporated with an investment of over half-a-billion rupees also serves to provide many occupational opportunities for local youth and experts.
TVS Lanka Chief Operating Officer Geethal Anthony said: “We think this endeavour is particularly timely amidst the present import restriction to manage the rupee depreciation. As the market leader, TVS is committed to making Sri Lanka self-sufficient in two-wheelers which will, over time, eliminate the need for imports.”
