The National Aerospace Industry Coordinating Office (NAICO), a unit under the Ministry of International Trade and Industry, plans to match up to 18 local aerospace small and medium enterprises (SMEs) with global SMEs, particularly in the manufacturing sub-sector, at the International Paris Air Show 2017. The event will be held from June 19-25 in Le Bourget, France.

NAICO said exports by the domestic aerospace industry increased 32.6 per cent to RM5.53 billion from RM4.17 billion in 2015, with aerospace parts and components being the main products.

Head of NAICO, Shamsul Kamar Abu Samah said some of the companies which ventured into the aerospace industry from the automotive sector, are expected to sign memorandums of understanding with Japanese and French entities at the airshow, and further announcements would be made by them.

“This is the third time we are at the event, but this year there is a strong representation of companies. The participation will help showcase the capabilities and competencies of Malaysian companies on the global arena,” he told reporters at a media briefing on the Paris Air Show 2017 here today.

As of 2016, nine aerospace projects with investments totalling RM1.6 billion were approved in Malaysia, of which RM888.4 million were from overseas.

Source: Bernama