Published: 2009/05/26
DECLARING that this is the way advance, Deputy Prime Minister Tan Sri Muhyiddin Yassin has called on Malaysian companies to invest in developing green and clean technology for vehicles to further develop the automotive industry in the future.
He said companies could join hands with local universities on research and development and become leaders in developing green and clean technology. "It is imperative for the automotive industry to think and plan ahead. You need to appraise your viability and how you can value add to stay competitive in the long run," he said in his keynote address at the Second Kuala Lumpur International Automotive Conference in Kuala Lumpur today.He said new product development in the industry was imperative to increase market share by raising sales.
On the review of of the National Automative Policy (NAP), which will be completed by third quarter this year, he said special focus would be given in the development of the automotive parts and components sector.Muhyiddin said that the review would take into consideration views and proposals by the industry associations, relevant government ministries and agencies.
"The review will provide the roadmap for the automotive industry in Malaysia, to facilitate them in developing their mid and long term plans," he added.It would also further improve the existing guidelines, policies and incentives, taking into account the impact of the current global and regional economic situation, environmental developments and many other factors affecting the development of the automotive industry.
Currently, there are more than 690 automotive component manufacturers and about 110 motorcycle/scooter components manufacturers in the country.He also said there were 45 vendors with the ability to design and develop, source components/parts and manufacture the whole module/component for the vehicle manufacturers.NAP, which was implemented in 2008, has attracted investments for 135 projects valued at RM2.37 billion. - Bernama
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- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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