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  • MALAYSIA TO INVEST IN GREEN TECHNOLOGY FOR AUTOMOTIVE INDUSTRY

    Green car is the way to go to to reduce pollution to the already bad environment condition. And luckily Malaysia had acknowledge this and will start to invest in developing green and clean technology for vehicles. Read the full news from Bernama below.

    MALAYSIA TO INVEST IN GREEN TECHNOLOGY FOR AUTOMOTIVE INDUSTRY

    green-technology

    KUALA LUMPUR, – 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 here 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 Automotive 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.

    green car green technology automotive parts automotive malaysia environmental automotive malaysia Kuala Lumpur International Automotive Conference NAP National Automotive Policy national car

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