NAP Review Attracts
International Companies, Increases Motorcycle Production
JITRA, Jan 18 (Bernama) -- The National Automative Policy
(NAP) review, which was announced in 2009, has become an important factor in
attracting international motorcycle companies to set up their operation in this
country and helped boost motorcycle output.
Deputy Minister of International Trade and Industry, Datuk Mukhriz Mahathir, said under NAP review, the freeze on issuance of manufacturing licences for several industry segments which were deemed strategic and had high impact on Malaysia's economy, has been lifted.
He said this included motorcycles with engine capacity of 200cc, hybrid and electric vehicles.
The impact of this for the local motorcycle manufacturing industry is that it provided over 100,000 jobs in the manufacturing sector, distribution, retail and after sales service," he said at the opening of KTM CKD (Complete Knock-Down) Factory here Friday.
Mukhriz said the cooperation between the government and manufacturers would encourage the local automotive sector to be more creative and innnovative.
He said the new plant would open the floodgates for many other automative-related initatives to be positioned in the northern states.
KTM, Austrian motorcycle maker, is Europe's second largest motorcycle manufacturer and it has formed a collaboration with Motonation Manufacturer Sdn Bhd, the sole distributor of KTM motorcycle in Malaysia.
Deputy Minister of International Trade and Industry, Datuk Mukhriz Mahathir, said under NAP review, the freeze on issuance of manufacturing licences for several industry segments which were deemed strategic and had high impact on Malaysia's economy, has been lifted.
He said this included motorcycles with engine capacity of 200cc, hybrid and electric vehicles.
The impact of this for the local motorcycle manufacturing industry is that it provided over 100,000 jobs in the manufacturing sector, distribution, retail and after sales service," he said at the opening of KTM CKD (Complete Knock-Down) Factory here Friday.
Mukhriz said the cooperation between the government and manufacturers would encourage the local automotive sector to be more creative and innnovative.
He said the new plant would open the floodgates for many other automative-related initatives to be positioned in the northern states.
KTM, Austrian motorcycle maker, is Europe's second largest motorcycle manufacturer and it has formed a collaboration with Motonation Manufacturer Sdn Bhd, the sole distributor of KTM motorcycle in Malaysia.
Source: Bernama
Date : 21 Jan 2013
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