Deputy investment, trade and industry minister Sim Tze Tzin said Chinese investors should identify component areas in which local suppliers can meet their cost and quality standards from the initial stages of investment. (Bernama pic)PETALING JAYA: Deputy investment, trade and industry minister Sim Tze Tzin today urged Chinese companies to engage local suppliers at the initial investment planning stage, rather than waiting for factories to be built.
Sim said Chinese investors should also refrain from entering the Malaysian market through wholly-owned ventures.
Instead, Chinese firms should pursue joint ventures with local companies to share investment costs and risks, he said.
Sim said such an approach was vital to ensuring technology transfer and strengthening the domestic supply chain.
