IPOH: Although the state is disappointed regarding Chinese EV manufacturer BYD, it hopes the issue will not discourage other investors, says Perak Mentri Besar Datuk Seri Saarani Mohamad.
He stressed that the state is not reliant on a single investor.
“Earlier today, we received a briefing from an investor from Taiwan, involving about RM840mil. This means that even if BYD does not proceed with its investment in Perak, it will not affect other investors, as many industrial sites are being developed,” he told a press conference on Wednesday (Apr 22).
Saarani added that the matter should be seen as an isolated case and expressed confidence that more investors would arrive through the efforts of the Investment Exco.
He was responding to claims that unfavourable conditions had led BYD to re-evaluate plans for an assembly plant in Tanjung Malim.
Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani previously denied the claims, noting that automotive investment conditions are non-discriminatory and apply equally to all high-volume projects.
Meanwhile, Perak Industry and Investment Committee chairman Loh Sze Yee said the state is still appealing to the Federal Government, with a submission made to Prime Minister Datuk Seri Anwar Ibrahim.
He said the matter is currently being analysed and a decision is expected soon.
“I hope everyone will have confidence in the administration and the Prime Minister. As for the decision, the Perak state government will work together with the Federal Government,” Loh added.
