KUALA LUMPUR, Oct 10 ― Malaysia needs both speed and scale to accelerate sustainable manufacturing practices and proactively develop the country’s aerospace industry, said...
1MDB’s RM2.28b went through many banks overseas before coming back to Malaysia and into Najib’s accounts, Bank Negara analyst saysMinister of Investment, Trade and Industry Datuk Seri Tengku Zafrul Abdul Aziz says Malaysia needs both speed and scale to accelerate sustainable manufacturing practices and proactively develop the country’s aerospace industry.
“Many still do not know about this, Boeing’s resource-efficient process decreased the water, materials, time and energy consumed while reducing excess industrial waste and lubricants used in standard machining processes. Furthermore, he added that the Ministry of Investment, Trade and Industry aims to make the suppliers within every manufacturing ecosystem to be more resilient through the New Industrial Master Plan 2030’s mission on economic security and inclusivity.
The blueprint outlines 41 key initiatives that are expected to generate an annual revenue of RM55.2 billion and create 32,000 high-income jobs by 2030. “I hope there is an extra incentive or allocation for the aerospace industry and of course, the request has been made and I hope it has been heard but what is more important is that the policies are there to support the industry and any more incentives will definitely help,” he told reporters at the event.
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