Mea­sures will also help au­toparts pro­duc­ers boost ex­ports, says MAI

The Sun (Malaysia) - - SUNBIZ -

KUALA LUMPUR: The mea­sures an­nounced in Bud­get 2017 are timely as it will as­sist lo­cal au­to­mo­tive com­po­nent man­u­fac­tur­ers to ini­ti­ate their ex­port readi­ness pro­grammes, said Malaysian Au­to­mo­tive In­sti­tute (MAI) CEO Datuk Madani Sa­hari.

He said the agen­cies un­der the Min­istry of In­ter­na­tional Trade and In­dus­try – Malaysia Ex­ter­nal Trade De­vel­op­ment Cor­po­ra­tion, Malaysian In­vest­ment De­vel­op­ment Author­ity and SME Corp Malaysia, would of­fer RM130 mil­lion worth of ex­port pro­mo­tion pro­grammes un­der the bud­get.

Madani said busi­nesses, in par­tic­u­lar SMEs, would ben­e­fit the most from next year’s bud­get through al­lo­ca­tions for en­trepreneur­ship, ex­port en­hance­ment and the dig­i­tal econ­omy.

He also said the RM4.6 bil­lion al­lo­ca­tion for Tech­ni­cal Vo­ca­tional Ed­u­ca­tion and Train­ing (TVET) in­sti­tu­tions in Bud­get 2017 would even­tu­ally ben­e­fit the lo­cal au­to­mo­tive in­dus­try.

“The al­lo­ca­tion for TVET is a good move to strengthen skills based ed­u­ca­tion, essen­tial in en­hanc­ing the tal­ent needed within Malaysia’s techno-cen­tric in­dus­tries, in which the au­to­mo­tive in­dus­try is a ben­e­fi­ciary of,” he said.

On MAI’s ini­tia­tives, he said the in­sti­tute would im­ple­ment the Au­to­mo­tive In­dus­try De­vel­op­ment Pro­gramme next year, which aims to cre­ate 5,800 new job op­por­tu­ni­ties, 190 new busi­nesses, en­hance 1,440 ex­ist­ing com­pa­nies and fur­ther de­velop 5,950 ca­reers within the in­dus­try. – Ber­nama

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.