LANGKAWI, March 31 — The Malaysia External Trade Development Corporation is optimistic that the country’s aerospace industry will maintain an upward momentum and register a double-digit growth this year.
Wan Latiff said it is pivotal for the country to be more competitive to stay ahead of the game. In the aerospace industry, we cannot work alone. We need to be part of the global supply chain. Malaysia is also trusted by international players, and almost all of them had set up operations in Malaysia. The continued growth of the industry is aligned with the milestones charted by the Second Malaysia Aerospace Industry Blueprint which aims to generate an annual revenue of RM55.2 billion and create more than 32,000 high-income jobs.
On key sectors within the aerospace industry, Matrade is targeting to promote, among others, the maintenance, repair and overhaul , aerospace manufacturing, systems integration, as well as education and training sectors. The companies are strategically matched by its Trade Offices from around the world with targeted companies that are keen to source for the products and services offered by the Malaysian companies.