KUALA LUMPUR, Sept 21 (Bernama) — The Malaysia Automotive Robotics and IoT Institute (MARii) and Indonesia Automotive Institute (IOI) inked a Memorandum of Understanding (MoU) today, which signifies an important step towards further strengthening the working relationship between two countries. The exchange ceremony which took place at the Malaysia International Trade and Exhibition Centre (MITEC), Kuala Lumpur highlights the unwavering commitment of countries to continue to work closely on advancement of the automotive industry.
MARii and IOI have consistently worked together advancing both Malaysia & Indonesia automotive industry. The most significant cooperation is the joint effort by MARii and IOI in creating business opportunities for local automotive vendors and Small Medium Industries (SMIs) in Malaysia and Indonesia by facilitating business matching, international exhibitions, and joint ventures. This is to promote growth in automotive manufacturing, parts localization, and exports, with the aim of becoming regional and global suppliers.