Role of Malaysia in the machinery industry
Machinery industry is one of the top most priorities in Malaysia. According to the Malaysian government, more stress should be put on this sector for the betterment of the country and generation of greater revenue. Development in this sector is limitless as revenue potential is great in the form machinery manufacturing and other technological services. The government of Malaysia is determined to take a big stride in the field of manufacturing and machinery and improve the earning potential for not only its people, but also improve the economy of Malaysia through this section. The main objective behind this is to form Malaysia as a production hub of high technology; Malaysia would be termed as one of the main distribution centers for M&E, it would be one of the major M&E centers, it would a center to provide services related to maintenance, reconditioning, and up gradation of manufacturing technology including M&E.
Machinery Industry in Malaysia
Malaysia is known for its high advancement in engineering services and providing competitive, cost effective, design services with R&D that are not only highly skilled, but also possesses a workforce with great knowledge, greater technology and even better production units, all at an affordable price. This is one of the basic reasons why investors mostly prefer a country like Malaysia as their production hub, including machinery. Because of its low cost productivity and quality work services and quality work force, Malaysia has managed to stay in the machinery and manufacturing industry for quite some time now. Even though they have been competing with bigger technological giants, all the positive factors combined have made Malaysia a better hub for investment in the area of production.
Technological Advancement in Malaysian Machinery Industry
Faster delivery, greater and much qualified workforce, work delivered within a short period of time, much higher technological advancement than last decade that has met with customer requirements has led investors to the right belief that Malaysia is the right place for investment, when it comes to heavy machinery and equipment.
Advancement through Research and Development
M&E manufactures in the Malaysia has worked on their existing strengths to improve on their potential to build more of machineries and manufacturing equipments. They have improved hugely and never looked back. Since then, the industry has grown in leaps and bounds. Apart from already existing strengths including fast work turnaround process, cheaper production cost and huge skilled labor, they have mastered the art of keeping this sector alive through hard work and continuous effort to improve. Apart from machinery building and manufacturing the country has seen major growth in industries such as software, system integration, testing, calibration, assembly, research and development and D&D. They have managed to do all this, without losing focus on quality. Maintaining quality has been the first and foremost importance to them. They also do manufacturing of several machinery parts including capital-intensive modules. More investors associated with the heavy machinery and manufacturing industry has supported Malaysiaís objective, identified their strengths and started to invest here more.