The Society of Indian Automobile Manufacturers (SIAM) organised the Auto Expo – The Motor Show, one of the major auto shows of the global auto industry, at India Expo Mart, Greater Noida, Delhi NCR, India recently.
Chairman of the Ceylon Motor Traders Association (CMTA), Charaka Perera was a speaker and a panelist at the event.
The theme of Auto Trade Dialogue was “Changing Dynamics in Global Automotive Policies and Trade Practices” and the presentation made by Perera broadly covered the domestic industry’s market trends and specifically focused on the policy initiatives that are being undertaken in Sri Lanka for the development of Auto Sector in the long run. His presentation also included the diverse investment routes currently available in Sri Lanka and the merits of each route for investors.
“It was an excellent forum to present the current state of the industry, the future market potential in the motor trade of Sri Lanka and the investment opportunities available in the auto industry to attract much needed investments to our country,” said Perera.
As the majority of vehicles imported to Sri Lanka are made in India, CMTA has been working very closely with SIAM in order to achieve alignment of automotive policies and regulations of the two countries. SIAM has guided the Indian Auto Industry to be the third largest market while addressing all regulatory, environmental and social aspects and SIAM has assured of their support for the development of the local auto industry.” The SIAM Auto Trade Dialogue facilitates better understanding and appreciation of the developments and needs of the automotive industries in individual countries and regions. It also enabled convergence of automobile industry issues across the world and identification of common interests.
This initiative has been helping the planners, policy makers, both industry and government, to evolve strategies and understand the areas of concern for economies around the world.