Sri Lnkan car dealers setting up car sales centre in Myanmar

-Sri Lanka vehicle importers are setting up a company in Myanmar with a showroom dealing in the car business taking advantage of tax benefits and other facilities given to importers, vehicle importers said.

-Keerthi Gunawardene, Secretary of the Vehicle Importers Association of Sri Lanka told the Business Times that preliminary arrangements to set up this company were finalised following the visit to Myanmar by a delegation led by association President Sampath Merenchige on 10-16 September. He said that the company registration costs US$100,000 while Sri Lankan Ambassador in Myanmar H.R. Piyasiri has assured them all assistance to launch the company. There are some 70 vehicle showrooms in Myanmar selling around 7,000 used cars per month, he said.

(Source www.myanmar-business.org)