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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2254

Micro Cars of Dr Lawrence Perera fame penetrates into Caribbean Island automobile market

By Quintus Perera – Asian Tribune

Colombo, 12 March, ( Dr Lawrence Perera’s name has gone down in the annals of the history of Sri Lanka as the first man tosuccessfully manufacture utility motor cars in Sri Lanka and is one who risked and took up the challenge of first local manufacture of cars and the product - economical and affordable ‘Micro Car’ is now fast selling in the local market and expected to export soon.

Micro Cars Ltd (Transmec) – opened their state-of-the-art automobile manufacturing plant in Polgahawela recently and Dr Lawrence Perera, Chairman/CEO announced that Micro Cars had a historic breakthrough to be the first car manufacturer to set up an automobile manufacturing plant in Guyana (Caribbean Island). This Micro Car manufacturing plant targets selling of the products covering the entire Latin American Countries.

Prof G L Peiris, Minister of Export Development and International Trade declared open the Plant at Polgahawela. Setting up of this factory is in addition to their other car manufacturing factory already in operation at Seeduwa.

Dr Perera said that the signing of the Transfer Technology Joint Venture Agreement has already been signed with the Guyana counterparts – Micro Cars Caribbean of Guyana – headed by Ahmad Ameer, CEO and Pradeep Perera.

Micro Cars Ltd will give manufacturing license on their patent Micro all new Privilege code MX9, Micro Trend, Micro MPV Junior and also Micro Double Deck bus.

Micro Cars Ltd will also provide all necessary technical assistance design and engineering skills required for the project and provide senior engineers from Sri Lanka.

Micro Cars Caribbean plans to sell well over 1000 units during the first year of operation with an annual target of 1500 units during second and third years. Sri Lanka will earn foreign exchange by supplying components, parts & accessories in addition will be paid a royalty fee for each unit sold in Caribbean. This will also create employment for Sri Lankan engineers and technicians operating in the Caribbean.

The first sample cars and minivans in CBU – Complete Built Unit form will be exported by end March 2008 where Micro Cars Caribbean have already confirmed the order and project to be implemented thereafter within three months from the date of signing the Joint Venture agreement.

Dr Lawrence Perera, Chairman, Micro Cars Ltd along with his team discuss matters with Prof G L Peiris, Minister of Export Development and International Trade

- Asian Tribune -

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