KUALA LUMPUR — Jan. 7, 2019: The Ministry of Entrepreneur Development has approved close to RM20 million to attract private investors to develop the prototype for the third national car.
The money was sourced from several existing grants to catalyse the development of the project.
“The idea is that we become the catalyst for the new national car.
“I’m not developing the third national car project; I am facilitating to create an environment for the project,” said Minister Datuk Seri Mohd. Redzuan Yusof after officiating the Sustainable Programme: Bumiputera Entrepreneurship Empowerment Initiative programme.
He said the ministry has also shortlisted several vendors to develop the prototype.
According to Redzuan, the government will be launching the replacement programme for the 1Malaysia Training Scheme by next month at the latest.
The new programme, Professional Training Education for Graduating Entrepreneur or Protege, has in fact unofficially started.
Redzuan also envisioned expanding the scope of his ministry to include trade and investment.
The sustainable programme is a collaboration between the ministry and Petronas as part of efforts to strengthen Petronas’ vendor development programme. — Bernama