Business
Standard operating procedure for local assembly of vehicles and component manufacturing to be launched
The Ministry of Industries spearheaded by . Wimal Weerawansa is soon to launch the standard operating procedure (SOP) for local assembly of vehicles and automotive component manufacturing to encourage world renowned brands to locally assemble vehicles.
Dimantha Jayawardena, president of the Sri Lanka Automotive Component Manufacturers’ Association said that the new SOP has been prepared in keeping with the highest standards around the world. “This SOP has been prepared by the Policy Development Division of the Ministry of Industries in close collaboration with Ministry of Finance, Sri Lanka Customs, Registrar of Motor Vehicles, Sri Lanka Automobile assemblers and Automobile Component Manufacturers. With the launch of the SOP it will become mandatory that vehicle assembly comply to the SOP and increase value addition for locally manufactured vehicles.
The SOP includes guidelines and standards for registration at the Department of Motor Traffic, BOI, Sri Lanka Customs and the Ministry of Industries and for the local assembly of vehicles.
It has also specified the necessary regulations for standardization of the assembling and manufacturing process, the automobiles and components, and the establishment of the assessment facilities. It also has guidelines for the exportation of assembled and manufactured vehicles and the recommended exemptions of excise duties.
Jayawardena also said, “The SOP clearly states that it is vital that the sector should be provided with the opportunity to expand itself in the domestic market at the first stage and in order to achieve this objective, there should be a substantial level of investment in the domestically value-added automobile manufacturing/assembly industry, which could create the demand for locally manufactured components increasing their quality and to achieve internationally renowned standards.
“This SOP includes all regulations, procedures and requirements related to different aspects of the industry, from the registration of an industry to the safety and quality standards applicable to the same and is subject to review and revision every five years. Prospective local assemblers should be given the flexibility during the first two years to invest and start operations and adhere to the SOP guidelines within a 2-year time-frame.”
We expect more than 20,000 direct jobs and 25,000 indirect jobs to be created within the next 2 – 3 years. Currently SLACMA is working with the Ministry of Skills and Development together with NAITA and German Tech to absorb these students to the local assemblies.
The advantage of local manufacturing of automobiles allow technology transformation and technical training under some of the world’s best manufacturing standards such as Just In Time, 5S, KAISEN, LEAN Manufacturing, IATF 16949 and Six SIGMA standards. This will help our students to apply these manufacturing methods in other manufacturing industries.
“I must commend His Excellency the President for his vision of adding value to Sri Lankan products and services and in the process greatly enhancing the skill level of the local workforce.” He added.
Business
DIMO Academy and HomeServe Germany to elevate Sri Lankan vocational education
DIMO Academy, the vocational training arm of DIMO, recently announced a groundbreaking partnership with HomeServe Germany, a leading HVAC company offering installation, home repair, maintenance, and insurance services. This joint endeavor aims to strengthen vocational education in Sri Lanka by providing assured job placements in the thriving German building service industry for local youth with globally recognized qualifications.
Under this collaboration DIMO Academy will offer a world-class qualification based on strict German vocational standards, leading to a German Diploma in Plant Engineering accredited by the German Chamber of Industry and Commerce (AHK). Graduates will also receive German language training to ensure they can start their careers in Germany successfully. Upon the completion of this program, certified graduates will be recruited by HomeServe Germany, guaranteeing their future as skilled experts in the German building service industry.
The partnership meets the growing global demand for skilled building service technicians, especially in HVAC, driven by energy efficiency, sustainable construction, and urbanization, with Germany facing a shortage due to its high standards and focus on renewable technologies.
DIMO has also invested in an ultra-modern training facility in Peliyagoda, set to open in February 2025. This facility will be furnished with extensive technological resources, making sure students are trained to the highest international standards while also enhancing the local building services industry.
Dilrukshi Kurukulasuriya, Executive Director and Chief Human Resources Officer of DIMO and Head of the Group’s Education Arm said, “DIMO Academy’s Diplomas in Automobile Mechatronics and Plant Engineering, certified as category-A qualifications, in Germany make graduates eligible to work as technicians around the globe. DIMO Academy introduced the Diploma in Plant Engineering program to open diverse global career opportunities for young people in the building services industry. DIMO Academy offers a structured industrial training, with updated syllabus through a unique self-learning methodology and German-qualified trainers, in its world-class training facilities. It also upholds high standards through rigorous selection process, continuous assessments, and external audits by German and Sri Lankan bodies.
This alliance showcases the DIMO Academy’s commitment to strengthen partnerships with the global industry to foster employment opportunities and the exchange of technical knowledge for local youth while fuelling their dreams and aspirations. We are indeed privileged to partner with HomeServe Germany, a leading company in the global building services industry”, she added.
Thomas Rebel, CEO of HomeServe Germany f stated, “In Germany, there is a great need for technicians in the building services industry. Being a top provider of building services, we need highly qualified technicians to support our customers. Our HVAC businesses in Germany already have an apprenticeship rate of more than 15% today. Nevertheless, the demand for skilled workers is high and cannot be met solely through education in Germany. The only school outside of Germany to offer a category “A” recognized training program in building services following German vocational criteria is DIMO Academy. With more than 650 graduates working all over the world and 35 years of experience in German vocational training in Sri Lanka, DIMO Academy credentials are entirely accepted in Germany in compliance with German standards.”
Business
Lanka Hospitals launches affordable cardiac care Initiative for public sector workforce and Agrahara members
Lanka Hospitals has announced a groundbreaking initiative to provide affordable cardiac care to government servants, retired government servants and Agrahara insurance members. This program aims to alleviate the financial burden of heart surgeries and angiograms amidst challenging economic times, making high-quality cardiac care accessible to those who serve and have served the nation.
Under this special offer, the cost of a Heart Surgery, typically LKR 1,400,000, is now reduced to LKR 1,100,000, providing a saving of LKR 300,000. Angiograms are available at just LKR 50,000, and for patients undergoing heart surgery at Lanka Hospitals, the hospital charges for the angiogram will be completely waived, reducing the cost to only LKR 20,000. Additional benefits are extended exclusively to Agrahara members under this program.
Deepthi Lokuarachchi, Group Chief Executive Officer of Lanka Hospitals Group, emphasized the significance of the initiative: “Our latest offer on heart surgeries and angiograms underscores our commitment to easing the financial strain on public sector employees and retirees.
We are dedicated to ensuring that essential medical services, like advanced cardiac care, are both affordable and accessible without compromising on quality. Through this initiative, we continue to honor the invaluable contributions of Sri Lanka’s government workforce by combining compassionate care with state-of-the-art medical expertise.”
This initiative comes against the backdrop of an agreement with the National Insurance Trust Fund (NITF), which administers the Agrahara Insurance Scheme, further enhancing healthcare benefits for eligible patients.
It also reflects Lanka Hospital’s continued dedication to improving patient outcomes and supporting the health and well-being of Sri Lanka’s public sector workforce.
For more information about this special offer and the exclusive benefits for Agrahara members, contact Lanka Hospitals’ hotline at 0117 145 145.
Business
Sampath Bank introduces new heights of exclusivity in credit card landscape with Visa Infinite Metal credit card
Sampath Bank and Visa have unveiled the nation’s very first Visa Infinite Metal Credit Card, setting a new standard and marking a significant milestone in Sri Lankan banking. Launched at the iconic Cinnamon Life, Colombo’s City of Dreams, this elite card represents a step into unparalleled elegance, offering an array of exclusive privileges designed to meet the desires of discerning cardholders who seek a premium lifestyle experience and access to an elite world of benefits.
More than just a financial instrument, the Visa Infinite Metal Credit Card offers a gateway to a lifestyle that combines elevated service, distinct status, and sophisticated benefits for cardholders in Sri Lanka. Created specifically for those who value the extraordinary, the card delivers an array of global privileges from complimentary priority lounge access at airports to exclusive benefits across luxury retail, dining, and hospitality worldwide. Furthermore, cardholders enjoy the convenience of Visa’s 24/7 Concierge Service via WhatsApp, access to an exclusive travel concierge for seamless travel experiences, a competitive foreign currency markup, and the personalised support of a dedicated relationship officer for all their needs.
Tharaka Ranwala, Senior Deputy General Manager – Marketing, Customer Care, and Card Centre at Sampath Bank said, “With the Visa Infinite Metal Credit Card, we are introducing a new standard of exclusivity in Sri Lanka’s Credit Card landscape. This card is not just about providing superior financial services, it’s about redefining the customer experience by offering benefits that enhance their lifestyle, positioning Sampath Bank at the forefront of luxury banking.”
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