RM2bil boost for National Automotive Policy, Govt allocates soft loans, grants


PETALING JAYA: The Government is allocating RM2bil worth of soft loans and grants under the National Automotive Policy (NAP 2014) for automotive infrastructure-related and human capital development purposes.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed, who unveiled NAP 2014 yesterday, said the Government would be allocating up to RM1.89bil in soft loans and RM175mil in grants.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , NAP , investments , loans

Next In Business News

Hazy days for Malaysia’s property sector
Going beyond a centralised housing data bank
Is Malaysia ready for international retirees?
Big Tech’s debt drives credit risk
Zero tolerance for corruption
Lotte Chemical Titan sale sparks hope but challenges remain
Building momentum selectively
Malaysia’s growth story has a missing piece
Ekovest’s rights issue tests investors’ faith
Mr. Robot comes to town

Others Also Read