KUALA LUMPUR, Nov 5 (Bernama) -- The number of companies holding open approved permits (AP) has risen to 414 as of today, up from 107 in 2019, following the government’s move to expand bumiputera entrepreneurs’ participation in the country’s automotive industry.
Number of Open AP Holders Increases Fourfold since 2019 -- Johari
Open AP, MITI, Special Chamber, automotive, bumipu
BE Bernama 
Key takeaways
The number of companies with open approved permits rose to 414 from 107 in 2019 after policy changes effective July 1 2024, aiming to boost bumiputera participation in automotive industry.
- Open AP holders increased fourfold to 414 by 2024.
- MITI screens applicants for capability and financial capacity before approval.
- RM30 million allocated to Malaysian Industrial Development Finance Bhd for financing entrepreneurs’ working capital.
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