Domestically value added vehicles under spotlight on June 18

The parade will be held through Galle Face, Lotus Roundabout, Fort, Technical Junction, Punchikawatta, Maradana, Borella, Borella cemetery junction and to BMICH on June 18 from 4 p.m. onwards. 

Sri Lanka’s super-car VEGA at the IDB vehicle parade in 2023

Locally assembled vehicles will come under focus come 18 June as over 200 domestically value added vehicles will be paraded in Colombo.
The vehicle parade of locally manufactured and assembled vehicles is organized by the Industrial Development Board (IDB) along with the Ministry of Industries (MOI), Sri Lanka Automobile Component Manufacturers Association (SLACMA) and Automobile Assemblers Association will be held for the third time.
The IDB under the Ministry of Industries is a key stakeholder in the Standard Operating Procedure which facilitates automobile assembly and component manufacturing in the country. The roadshow will see a fleet of over 200 locally assembled vehicles parade the streets. 

 Chairman of Industrial Development Board Dr. Saranga Alahapperuma stated, “The IDB which is the statutory body responsible for the development of all industries in Sri Lanka, has a mission to provide the strategic, technological and commercial foundation needed to encourage, promote and develop all industries in the country. 
Hyundai, Proton, Chery, BAIC, DFSK, Wuling, Mahindra, TATA, JMC, Lanka Ashok Leyland, TVS and Bajaj are few of the brands that are assembled in Sri Lanka with the approval and certification of the Industrial Development Board.” 

IDB is the authority responsible for overseeing the auto component development, design, testing and certification for industries, automotive component costing and process/product optimization services, raw material testing and selection for automotive components, plant, machinery, equipment, tool appraisal and valuation and incubator facilities for automotive component developers. 

It is also the national tooling center for automotive component development and provides services such as foundry and metallurgy services for automotive component developers, technical inspection services, rubber compound development for automotive components and electro-plating services for automotive components through a network of district offices covering the entire island.