KUALA LUMPUR: The National Aerospace Industry Corp Malaysia (Naico), an agency under the International Trade and Industry Ministry (Miti), will spur the development of the industry’s ecosystem.
It will also ensure cohesion and coordination of initiatives implemented under the Malaysian Aerospace Industry Blueprint (MAIB) 2030 and Aerospace Industry Framework of the 12th Malaysia Plan (12MP), said Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali.
MAIB 2030 aspires to position Malaysia as a regional aerospace hub and an integral part of the global aerospace supply chain while 12MP focuses on aerospace digital technology, Industry 4.0, ecosystem and human capital development.
Mohamed Azmin said that as the national aerospace development agency, Naico will leverage supply chain knowledge, technical know-how and industry experience of prominent members who will serve on the board of trustees.
“Collaboration and partnerships with relevant agencies such as the Malaysian Investment Development Authority and Malaysia External Trade Development Corp will be elevated to increase strategic and quality aerospace investments to help regional and global integration of the local supply chain, through which opportunities for small and medium enterprises (SMEs), particularly bumiputra SMEs abound,” he said in a statement.
Mohamed Azmin said aerospace is one of the three Bumiputra Economic Transformation focus areas under the Bumiputra Development Action 2030 to enhance bumiputra participation in the economy.
Besides being the National Aerospace Centre of Excellence to support ecosystem development in line with industry needs and developing local expertise, he said Naico will enhance technology and engineering development as well as build the industry’s capacity in research and innovation.
The advanced technologies and precision-engineering capabilities of the aerospace industry will serve as strategic enablers while complementing relevant industries such as the electrical and electronics as well as automotive sectors within the country.
“A comprehensive Malaysian aerospace industry database will underpin Naico’s industry development strategies,” he said.
He said Miti will also continue to advocate forward looking, inclusive and business-friendly policies to ensure Malaysia remains as the preferred investment destination for high-impact, advanced technology and precision-engineering industries.
“Accordingly, a Memorandum of Cooperation in Aircraft Industry will be signed between Malaysia and Japan to enhance bilateral cooperation between the aerospace industries of both countries in aircraft manufacturing, maintenance, repair and overhaul; technology research; and human capital development.
“With the concerted and coordinated implementation of industrial development strategies, the Malaysian aerospace industry will be poised to contribute an annual revenue of RM30bil and create 30,000 highly-skilled jobs by 2025,” he said.
He added that the industry recorded RM16.2bil turnover and created high-skilled jobs for about 10,000 local workers in 2019. — Bernama