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Housing and local government minister Nga Kor Ming has offered to be the liaison between Perak state and federal governments to facilitate discussions on the potential investment by BYD in Perak, New Straits Times has reported.
“I am willing to become a bridge between the state government and the federal government so that this matter can be brought to the attention of the prime minister and MITI, to ensure that BYD does not go to other states but remains in Perak,” he said.
The minister said that investment remained the backbone of economic development, and job creation and income generation would not be possible without it.
“It is very important that Perak becomes an investment-friendly state. In Perak, there are three flagship investments: the Automotive High-Tech Valley (AHTV) in Tanjung Malim, Lumut Maritime Industrial City (LUMIC), and the Kerian Integrated Green Industrial Park. These three high-impact projects are capable of steering Perak towards greater excellence,” Nga said.
Last week, prime minister Datuk Seri Anwar Ibrahim said that the issue of allegedly strict conditions being imposed on electric vehicle (EV) companies will be brought up for discussion with the ministry of investment, trade and industry (MITI).
This followed remarks by Perak tourism, industry investment and corridor development committee chairman Loh Sze Yee, who said that the federal government needs to review the conditions on EV companies planning to set up factories in the country.
In March, it was reported that BYD was reconsidering its plans to set up production in Malaysia because it could not agree to terms set by MITI. The ministry then responded with a statement on the matter.
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[[{“value”:”Housing and local government minister Nga Kor Ming has offered to be the liaison between Perak state and federal governments to facilitate discussions on the potential investment by BYD in Perak, New Straits Times has
The post Nga Kor Ming offers to be liaison between state, federal governments in BYD investment talks appeared first on Paul Tan’s Automotive News.”}]] Read More Paul Tan’s Automotive News