Logo

MIDA Collaborates with Malaysian Automotive Association (MAA) to Boost Localisation Activities in the Automotive Industry

MIDA Insights - Events

Events 2 April 2019

On 2 April 2019, Malaysian Investment Development Authority (MIDA) in collaboration with the Malaysian Automotive Association (MAA) organised the Localisation Programme for Automotive Industry 2019, themed "Local2Global" at MIDA headquarters. The event received an encouraging response from the automotive industry players and attended by over 100 participants ranging from MAA members, including the Original Equipment Manufacturers (OEMs) and local vendors. The event aimed to increase localisation activities and benefit all stakeholders as well as to encourage more investments in the industry.

According to Mr Arham Abd. Rahman, Deputy Chief Executive Officer of MIDA, "The Government has always considered localisation as one of the important elements to further develop the local automotive industry. We are pleased to gather a remarkable representation across the automotive industry including both the OEMs and vendors at this platform." 

"I believe that through a strong participation between all stakeholders, the efforts towards enhancing the development of Malaysia's automotive industry can be made possible. We are certainly looking forward to seeing more investments in the industry that brings about the transfer of technologies and expertise creating new capacities and help contribute to the creation of high-value jobs".

As of 2018, the Malaysian automotive industry has 27 vehicle manufacturers (OEMs) producing cars as well as two-wheelers and commercial vehicles. It contributes about RM40 billion or 4 per cent to Malaysia's GDP, with a workforce of more than 600,000, of which 53,000 for aftermarket establishments, and around 800 for parts and components suppliers. For the period 2012 to 2018, MIDA has approved a total of 396 projects in the automotive industry with investments worth RM20.5 billion.

The event also featured a sharing session by PERODUA, several speakers' session by local vendors such as Continental Automotive Malaysia, Malaysian Automotive Lighting, KYB-UMW Malaysia, Morrissey Technology and FEC Cables (M), and a one-to-one business matching session between the OEMs and local vendors.

Events 2 April 2019

Prev

Dato’ Abdul Majid Bin Ahmad Khan, New Chairman of MIDA

Smart Manufacturing takes Centre Stage at SEMICON Southeast Asia 2019

Last Updated : Thursday 17th October 2019