A luxury auto manufacturer to set up its base in Malaysia

KUALA LUMPUR: Datuk Seri Mohamed Azmin Ali, a senior minister in charge of international trade and industry (Miti) revealed that a luxury auto manufacturer will soon be setting its base here in Malaysia. Though he didn't reveal the identity of the carmaker deeming that he is not at liberty to do so, he did say that the same is known for its 'precision engineering'. Any guesses? He further revealed that the auto brand has agreed to operate locally.

All these revelations were made by Azmin Ali during a question and answer session at a civil servant gathering. While answering an officer who inquired about the state of the nation's economy, especially after many business titans opted for Indonesia and asked if it was due to the country's political instability. He said "I can say, there is one car manufacturing company. This one is one which produces expensive cars, not the cheap ones. I cannot announce yet, although they have already agreed. This is the first plant outside that particular country. This is about precision engineering. Meaning, making cars which are among the most expensive in the world. So the factory will be here in Malaysia."

He further said Malaysia needs to develop the needed skill, human capital, and talent for the luxury automaker to find the country as a viable option, else we might lose the opportunity to our neighbors. Also, according to him, we need to shift from the existing labor-intensive model to the one that uses human capital with high technology.

In his words, “So we are moving towards that direction. Of course, they will ask us whether we have that capacity. So we need to develop our human capital, we need to develop talent, there needs to be skills. Otherwise, we will lose to our neighbours.”

So, what do you think who can be this car manufacturer? Do tell us in the comment section.

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