MITI, MoHE, MOSTI to join forces to empower aerospace industry - MIDA | Malaysian Investment Development Authority
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MITI, MoHE, MOSTI to join forces to empower aerospace industry

MITI, MoHE, MOSTI to join forces to empower aerospace industry

18 May 2023

The Investment, Trade and Industry Ministry (MITI) will work with several ministries to empower the aerospace industry with highly skilled workers as well as research and development (R&D) efforts.

Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said there was a need to address the shortage of local experts in several sectors, including aerospace.

“As such, MITI will work with ministries such as the Higher Education Ministry (MoHE) to ensure a continuous supply of talent, which would also give us a competitive advantage in attracting investments in terms of infrastructure and skilled manpower.

“The collaboration will also ensure that the talents produced by the higher education institutions are relevant and meet the industries’ needs, in addition to being one of the platforms which could boost workers’ incomes in the industry,” he said.

Tengku Zafrul said this to reporters after officiating the opening of CTRM Aero Composites Sdn Bhd’s (CTRM) new factory in Batu Berendam here, today.

As for R&D, he said MITI has engaged with the Science, Technology and Innovation Ministry (MOSTI) to discuss how local R&D results can lead to positive spillovers for the industry as well as the nation.

“This is important as R&D can produce what is needed by industries, and at the same time, we want the local R&D experts and the results to be capable of commercialisation at the global level,” he said.

Meanwhile, Tengku Zafrul said that CTRM has been awarded a new contract worth RM3.4 billion for the manufacturing and production of aero components for several level 1 vendors supplying to global aircraft company, Airbus.

The contract runs from 2022 to 2030, with a cumulative value of RM6.64 billion until 2030.

“In terms of human capital, CTRM will increase their technical workforce by 24 per cent or 300 people in 2023-2024, in addition to increasing small and medium enterprises’ revenues by 25 per cent through the domestic supply chain.

“This clearly proves that leading multinational companies consider Malaysia’s aerospace industry landscape as stable and conducive to their global supply chain,” he added. 

Source: Bernama