fbtw fb twitter
 
   
     
  Automotive Sector To Undergo Major Changes Under Industry 4.0
Last update: 30/11/2017

SEREMBAN, Nov 29 (Bernama) -- The automotive industry is expected to be among industries that will undergo major changes as a result of the fourth industrial revolution (Industry 4.0), Permodalan Usahawan Nasional Bhd (PUNB) Chief Executive Officer Datuk Azhar Ahmad said.

He said the government expected the sector to continue to be among the most important sectors contributing to the country's economic development, hence entrepreneurs, especially those involved in the automotive sector should capitalise on the growth of Industry 4.0.

"They must prepare their business in tandem with current technological advancement by using the Internet and migrating to a digital platform and automation.

"Many experts expect under Industry 4.0, human duty will ultimately be replaced with robotics and this will change company operations towards digitalisation and automation, thereby fostering heavy reliance on technology,"he said at the 'PUNB CEO Meets Negeri Sembilan Entrepreneurs' event in Senawang near here today.

Present was Kumpulan Usahawan PUNB Negeri Sembilan Chairman Zamani Baharom who is also MAG Technology & Trading Sdn Bhd Managing Director.

Azhar said the automotive industry currently contributed about RM40 billion or 3.6 per cent to the country's gross domestic product.

He said as at Oct 31, PUNB had developed 882 automotive companies and businesses involving 1,227 entrepreneurs nationwide with a total funding approval of RM272.3 million.

Selangor tops the list of automotive financing approvals amounting to RM96.4 million, followed by Kelantan (RM30.5 million) and the Federal Territory of Kuala Lumpur (RM23.1 million), he said.

He said during the same period, 232 companies and businesses in Negeri Sembilan, involving 336 Bumiputera entrepreneurs, were developed in various sectors with a total funding approval of RM77.8 million.

Of the total, 37 automotive-based companies involving 59 entrepreneurs were allocated a total funding approval of RM15.8 million, he added.

Azhar said PUNB would continue to play its role in helping automotive entrepreneurs to upgrade their business to assail to greater heights.

-- BERNAMA
 
     
 
     
   
     
 
I use the vehicle hazard lights whenever…
 

Results  |  Polls
 
   
     
  You should only use the hazard lights to warn
traffic that you've had to stop in some sort of emergency. Turning on the hazard lights and still driving on is dangerous. If more and more
motorists use their hazard lights when they
are still moving, those who use them when they actually stall would be in danger of being
knocked into by traffic behind them
 
     
 

Malaysian National News Agency
Ministry of Transport Malaysia

Auto Expo (New Delhi, India)
Bangkok International Motor Show (March–April)
Beijing International Automotive Exhibition

>>> MORE EVENTS

 

...................................................................................................................................................................................................................................................

© 2017 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution