Sri Lankan Government Reveals Local Tyre Production Support Programme

The Sri Lankan government is reportedly discussing a programme of measures designed to support domestic tyre production. According to the local ITN news network, minister Kumara Welgama made the announcement during a debate on “supplementary estimates for the Industrial development ministry.” The support package is currently estimated to be in the region of 200 million rupees (£2.5 million) and is intended to fund “the provision of technology to enhance production capacity of industrial establishments and the receipt of new technologies.” Mould making, training and international promotion were also mentioned in the announcement.