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

Bedi acquires Sabah developers for RM38.8mil
Titijaya Land subsidiary buys land for RM47.4mil
Sunview disposes of stake in Winstar Capital for RM30mil
Alan Greenspan, US Fed 'maestro' through years of boom and bust, dies at 100
Hextar Retail to acquire Zok Noodle House assets for RM1.25mil
BCorp disposes of stake in Citaglobal for RM43mil
ICT Zone Asia secures RM28mil ICT hardware leasing contract
Ringgit eases against US dollar amid rising West Asia tensions
Muhammad Ikmal Opat steps down from Widad
Propel Global breaks ground on RM64mil Riverpoint commercial project in Kuantan

Others Also Read