KUALA LUMPUR, Sept 3 (NNN-BERNAMA) – The Malaysian Investment Development Authority (MIDA), said yesterday, it partnered with Xinyi Energy Smart (Malaysia), an overseas division of China’s integrated glass manufacturer Xinyi Glass Holdings Limited, for a supply chain programme.
This programme seeks to establish a conducive supply chain ecosystem, by partnering with local suppliers, vendors and service providers, the two sides said in a statement.
Xinyi Energy Smart, which is located at the Elkay Industrial Park in Malacca, is looking to expand its supplier base, as part of its localisation plan.
MIDA, which has played an instrumental role in helping Xinyi set-up its operations in Malaysia, said, it is supportive of the firm’s supply chain programme, as it opens up opportunities for local suppliers to grow and develop their businesses.
This is in tandem with the supply chain facilitation programme initiated by the Malaysian government, tasked to MIDA, to assist both domestic and foreign companies in their operations in Malaysia.
MIDA deputy chief executive officer for investment promotion and facilitation, Lim Bee Vian, said, the agency’s supply chain programme aims to create opportunities for domestic companies, narrow gaps in the supply chain, support multinational companies and limited liability companies, in outsourcing their manufacturing activities to domestic companies, as well as, to develop and upgrade domestic companies.
She also said, MIDA is looking forward to the success of this programme in bridging the needs and opportunities between Xinyi and local companies.
Xinyi has invested approximately 2.1 billion ringgit (468.6 million U.S. dollars) in Malaysia, and created more than 1,900 jobs.
Xinyi Smart Energy managing director, Sin Ket Hin said, “We are happy that the government has initiated the supply chain facilitation programme, to assist investors to identify suitable local suppliers. This certainly will ease our efforts in sourcing for raw materials and transportation services, as local suppliers sign up under our programme.”– NNN-BERNAMA