Maruti Suzuki might set up plant in Sri Lanka

#hashtags: #Maruti Suzuki #Hambantota #Sri Lanka #MSIL

Maruti Suzuki had plans to set up an assembly plant in Hambantota, Sri Lanka in 2012. The company had to do away with the idea due to tax issues with the previous government, but they have renewed interest after the strengthening relations between the two countries.

MSIL plans to set up a plant for re-export from the Hambantota plant and this would prove beneficial for the company. The increased tax on imported vehicles in Sri Lanka was one of the major decision-making factors for the company. the...