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The Malaysian Automotive Institute (MAI) has said that the announcement of Budget 2016 will improve the automotive sector on both a domestic and global level. This includes initiatives to create more job opportunities, as well as more training and measures related to improve the sector.

In a report by Bernama, MAI CEO Mohamad Madani Sahari said, “to ensure a sustainable automotive industry, the proposed Budget 2016 has targeted the creation of 25,000 new jobs in the industry.”

He added that Budget 2016 is in sync with the National Automotive Policy’s (NAP) aspirations, which aims to generate an additional 150,000 jobs by 2020. As of 2014, the number of employees in the domestic automotive industry stood at 550,000.

Other measures which will be undertaken include training for 10,000 employees, improving the competitiveness of more than 100 domestic vendors, and reinforcing over 500 existing workshops and service centres in the country.

“Developing new entrepreneurs in sales, distribution, service, repairs, manufacturing, remanufacturing and recycling are also in the budget,” Madani said.