Business Of Manufacture Companies in Malaysia

The business of manufacturing companies in Malaysia is subject to the country's laws and regulations. The Malaysian government has put in place a number of policies and initiatives to encourage and support the development of the manufacturing sector.

One of the key policies is the Malaysian Industrial Development Authority (MIDA) which provides assistance and incentives to companies to set up manufacturing operations in the country. MIDA also provides support in the form of tax exemptions, loans and grants.

Another policy that has been put in place to support the manufacturing sector is the National Automotive Policy (NAP). The NAP provides a number of incentives and assistance to companies manufacturing vehicles in Malaysia. These include tax exemptions, loans and grants.

The Malaysian government has also established a number of industrial parks and zones specifically for the manufacturing sector. These parks and zones provide infrastructure and support services to companies operating within them.

The manufacturing sector in Malaysia is an important contributor to the country's economy. It accounts for approximately 19% of GDP and employs around 2.6 million people. The sector is also responsible for the export of a significant proportion of the country's products and services.