22 January 2012

Sri Lanka Sends Bicycles to European Markets

21st January 20122, www.nation.lk

The Governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal on Friday declared open a new bicycle manufacturing plant owned by B S H Ventures (Private) Limited, a joint venture between Bangladesh, Holland and Sri Lanka at the Biyagama Export Processing Zone.

The company, which has invested US $4 million in the venture, is set to produce branded bicycles to cater to the European market in its factory. The Governor along with the firm’s Managing Director, Jeyam Perumal are seen touring the new plant, which is capable of producing around 1300 bicycles a day. (Pic by Rukshan Abeywansha).

Central Bank Governor Ajith Nivad Cabraal and Jeyam Perumal of BSH Ventures ride bicycles on an inspection tour of a BSH bicycle assembling plant which was opened at the Biyagama Free Trade Zone on Saturday. (Image Courtesy By www.island.lk. Pic by Kamal Bogoda).

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