Malaysia must fully leverage its strong aerospace ecosystem - MITI
Bernama
February 13, 2025 15:10 MYT
February 13, 2025 15:10 MYT
Investment, Trade, and Industry (MITI) deputy secretary-general (Industry), Datuk Hanafi Sakri says the aerospace industry aims to increase its revenue to RM55 billion by 2030 from a revenue of around RM20-21 billion currently. - BERNAMA/Filepic
KUALA LUMPUR: Malaysia should capitalise its strong aerospace ecosystem and must maximise its potential to drive industry growth, said Investment, Trade, and Industry (MITI) deputy secretary-general (Industry), Datuk Hanafi Sakri.
He said the aerospace industry aims to increase its revenue to RM55 billion by 2030 from a revenue of around RM20-21 billion currently, noting that much more needs to be done to achieve this target.
"Malaysia has an advantage in terms of its comprehensive ecosystem, encompassing human resources, maintenance, repair, and overhaul (MRO), as well as engineering facilities. This is a strength which we must fully utilise," he told Bernama after officiating the MyAERO TVET 2025 Symposium at the World Trade Centre Kuala Lumpur today.
He added that the government will continue to monitor the implementation and progress of these initiatives through dedicated committees and relevant agencies.
"Nothing in this country happens by chance. We plan strategically, set clear objectives, execute carefully, and track progress through agencies such as the National Aerospace Industry Corporation Malaysia," he said.
Hanafi noted that Malaysia's aerospace sector is experiencing rapid growth, driven by rising air traffic and a booming tourism industry.
"Just yesterday, the Sarawak state government announced its acquisition of MASwings, highlighting the growing opportunities in the sector.
"What we need now is the right platform to ensure all stakeholders can play their role in strengthening Malaysia's aerospace ecosystem," he added.
The MyAERO TVET 2025 Symposium aims to enhance workforce development in the aerospace industry through collaborations between the government, industry players, and educational institutions.
The event also saw the signing of several memoranda of understanding (MoUs) between the government and industry players to strengthen training programmes and advance aerospace technology development.
--BERNAMA