Manufacturers gain from growth of medical device, aerospace and test equipment industries

Phang: ‘From 2002 to 2015, approved investments in medical devices totalled RM18.4bil with 53.5 coming from foreign sources. The increase in FDI reflects the continuing confidence in the industry ecosystem.’

THE global medical device, aerospace and test equipment markets are experiencing growth, generating spillover effects for the local manufacturing base in the country.

These growing industries have augmented the approved medical investments in the country and created new business opportunities for aerospace and test equipment companies.