MAI And Institut Otomotif Indonesia (IOI) Sign Collaboration Leading Towards The Development Of ASEAN Car
MALAYSIA AUTOMOTIVE INSTITUTE AND INSTITUT OTOMOTIF INDONESIA SIGN COLLABORATION LEADING TOWARDS THE DEVELOPMENT OF ASEAN CAR
YB. Darell Leiking, Minister of International Trade and Industry (MITI), is currently in Jakarta on a working visit as a follow up to YAB. Tun Dr. Mahathir Mohamad’s visit to Indonesia in June. Among the agendas during this visit were discussions with his counterpart on the development of the ASEAN Car, marked by the witnessing of the exchange of a Memorandum of Agreement between Malaysia Automotive Institute (MAI), an agency under MITI, with Institut Otomotif Indonesia (IOI), an agency under the Ministry of Industry.
Malaysia Automotive Institute (MAI) and the Institut Otomotif Indonesia (IOI) inked an agreement to foster long-term collaboration in the development of the automotive industry, today.
The Memorandum of Agreement (MoA), focuses on the strategic and working relationship between MAI and IOI in the areas of human capital and supply chain development to enhance the capabilities of vendors, market expansion, research collaboration for product technology, including hybrid, electric and next-generation vehicles, process technology, and research on biodiesel.
The areas of collaboration within the MoA are geared towards the preparation of the supply chain through the enhancement of product, process and research capabilities, to be followed by the development of an ASEAN Car which was announced by Prime Minister YAB. Tun Dr. Mahathir Mohamad, during his official state visit to Indonesia in June.
The MoA exchange ceremony was witnessed by the Malaysian Minister of Trade and Industry, YB. Darell Leiking and Mr. I Gusti Putu Suryawirawan, Director General for International Industrial Access and Development, Ministry of Industry, Republic of Indonesia
“This (the MoA between MAI and IOI) is a testament to strong bilateral economic relationships between Malaysia and Indonesia, as mentioned by the Prime Minister during his meeting with President Jokowi,” said YB. Darrell Leiking, the Malaysian Minister of International Trade and Industry.
Institut Otomotif Indonesia (IOI) was established by Indonesia’s Ministry of Industry, on 20th May 2016, to enhance the development of Indonesia’s automotive industry. It functions similarly to the Malaysia Automotive Institute, an agency under Malaysia’s Ministry of International Trade and Industry (MITI).
In March 2018, MAI and IOI organized a joint business matching programme between Malaysian and Indonesian automotive vendors. This programme served as a platform for both Malaysian and Indonesian automotive vendors to identify potential business partners for greater market access in both countries, and the necessary technology transfer to enhance their capabilities. The programme was participated by 18 Malaysian and 30 Indonesian vendors from various automotive manufacturing clusters, in which 10 Malaysian vendors have successfully identified their potential business partners from Indonesia.
MAI CEO, Dato’ Madani Sahari said, “MAI and IOI will continue to support and facilitate partnerships between Malaysian and Indonesian vendors through various developmental programmes to enhance the capabilities of the supply chain. More programmes will be organized by MAI and IOI in both exploring potential market opportunities and the transfer of technology.”