Malaysia And Indonesia Sign Collaboration To Develop Automotive Industry And ASEAN Car
The Malaysia Automotive Institute (MAI) and the Institut Otomotif Indonesia (IOI) recently signed a Memorandum of Agreement (MoA) to foster long-term collaboration in the development of the automotive industry of the two countries.
The MoA focuses on the strategic and working relationships the two automotive institutes in the areas of human capital and supply chain development to enhance the capabilities of vendors, market expansion, research collaboration for product technologies, including hybrid, electric and next-generation vehicles, process technology, and research on biodiesel.
These areas of collaboration are geared towards the preparation of the supply chain through the enhancement of product, process and research capabilities, to be followed by the development of an “ASEAN car” which was announced by Prime Minister YAB Tun Dr Mahathir Mohamad, during his official state visit to Indonesia in June.
The MoA exchange ceremony was witnessed by the Malaysian Minister of Trade and Industry, YB Darell Leiking and Mr I Gusti Putu Suryawirawan, Director General for International Industrial Access and Development, Ministry of Industry, Republic of Indonesia.
“This (the MoA between MAI and IOI) is a testament to strong bilateral economic relationships between Malaysia and Indonesia, as mentioned by the Prime Minister during his meeting with President Jokowi”, said YB Darrell Leiking.
Institut Otomotif Indonesia (IOI) was established by Indonesia’s Ministry of Industry, on 20 May 2016, to enhance the development of Indonesia’s automotive industry. It has similar functions to the Malaysia Automotive Institute which is an agency under Malaysia’s Ministry of International Trade and Industry (MITI).
MAI CEO, Dato’ Madani Sahari said, “MAI and IOI will continue to support and facilitate partnerships between Malaysian and Indonesian vendors through various developmental programmes to enhance the capabilities of the supply chain. More programmes will be organized by MAI and IOI in both exploring potential market opportunities and the transfer of technology.”
