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 Business

National Automotive Policy 2020 to be announced on Feb 21

14th February, 2020

KUALA LUMPUR: The new National Automotive Policy, NAP2020 will be launched by Prime Minister, Tun Dr. Mahathir Mohamad, on Feb 21, 2020 at the Ministry of International Trade and Industry (MITI).

In a statement Thursday, MITI said the government has taken into account all the feedback obtained from the industry as well as improvement opportunities learned from previous national automotive policies.

“To ensure a continuation of meaningful participation within the industry, the government has put emphasis on resources to ensure that the next technology acceleration curve would be in line with emerging trends surrounding transportation and mobility, as well as allowing for clean energy technology adoption,” it said.

NAP2020 is formulated to elevate Malaysia’s automotive industry to the next phase of industrial competitiveness, in line with the changing landscape of mobility within the global markets.

MITI said the government focuses on building strategic ties with industry players towards enhancing local talents’ capacity and development. –Bernama

   
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