Ministry approves RM20 million to ‘catalyse’ national car development

Updated 7 years ago · Published on 7 Jan 2019 7:39PM · 2 Comments

Entrepreneur Development Minister Mohd Redzuan Yusof says several vendors have been shortlisted to develop the third national car prototype. – The Malaysian Insight file pic, January 7, 2019.

THE Entrepreneur Development Ministry has approved close to RM20 million in funds to attract private investors to develop the prototype of the third national car.

Minister Mohd Redzuan Yusof said the funds are sourced from several existing grants to catalyse the development of the national car project.

“The idea is that we become the catalyst for the new national car project.

“We’re not developing the third national car project, we’re facilitating to create an environment for the new national car project,” he told reporters after launching the Bumiputera Entrepreneurship Empowerment Initiative programme.

He said the ministry had also shortlisted several vendors to develop the prototype of the national car. – Bernama, January 7, 2019.
 

Sign up or sign in here to comment.

Comments

  • Earlier government reiterated several time no to use the government fund for this project.Why now?

    Posted 7 years ago by Gunasakaran Sreerangan · Reply

  • Despite overwhelming disagreement to this project, mahathir insist on proceeding with it.
    Mahathir is destroying Pakatan Harapan.
    Pl get rid of him asap or PH will lose many of its voters in GE 15.

    Posted 7 years ago by Gabriel Chelliah · Reply