DPM: Invest more in green technology

http://findarticles.com/p/news-articles/new-straits-times/mi_8016/is_20090527/dpm-invest-green-technology/ai_n44442529/ MALAYSIAN companies should invest more to develop green and clean technology for the automotive sector, says Deputy Prime Minister Tan Sri Muhyiddin Yassin.
"Perhaps they can collaborate with our universities on research and development and become leaders in developing green and clean technology for the industry," Muhyiddin said in his keynote address at the Second Kuala Lumpur International Automotive Conference in Kuala Lumpur yesterday.
He urged carmakers to relook at their "own business model in face of tighter competition due to the Asean Free Trade Area (Afta) and Common Effective Preferential Treatment (CEPT)".

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Muhyiddin also said that the industry should not depend on government protection, and as such, product development is important to help increase market share via raising sales.
With this in mind, the government has plans to develop and strengthen the local automotive industry by revising the National Automative Policy (NAP), which will give special focus to the development of the automotive parts and components sector.
The NAP review, expected to be concluded by third quarter of this year, will provide the roadmap for the automotive industry in helping them develop their own mid- and long-term plans.
The NAP, which was implemented in 2008, has thus far attracted investments worth RM2.37 billion for some 135 projects.