Automakers Urged To Deepen Localisation In Global Supply Chains
KUALA LUMPUR, March 5 (Bernama) -- Automotive manufacturers operating in Malaysia must deepen their localisation efforts by integrating local vendors and small and medium enterprises (SMEs) into their global supply chains, said Deputy Investment, Trade and Industry Minister Sim Tze Tzin.
He said Malaysia hopes to see more local companies participate in the automotive supply chain as global manufacturers expand their presence in the country.
“True success is not just about sales volume; it is also about local content development. We want to see Malaysian vendors and SMEs integrated into your global supply chain,” he said at the launch of the Jaecoo J5 here today.
Sim urged automakers to support the growth of Malaysia’s automotive ecosystem through technology transfer, talent development and increased sourcing of components from local suppliers.
He said manufacturers should share expertise with local component makers to help them become global suppliers, while also investing in training for Malaysian engineers and technicians to handle increasingly sophisticated automotive technologies.
“When our local vendors grow, the entire ecosystem becomes more competitive, and you can gain a more efficient, cost-effective global base,” he said.
The call comes as global automotive players expand their presence in Malaysia, with the sector benefiting from growing investments in manufacturing, supply chains and research and development.
-- BERNAMA