LETTERS: I refer to the article, "Collins Aerospace allocates RM16 million for MRO expansion" (NST, Feb 17) (MRO is an acronym for maintenance, repair and operations).
It is interesting to note that the expansion is part of the Subang AeroTech Park being developed by Malaysia Airports Holdings Bhd (MAHB) as part of its "Aeropolis" development. This indeed will contribute to the aerospace industry.
The industry has a wide spectrum of opportunities in airframe, engines and MRO components. Much has been said over the years to develop this industry, but the progress has been disappointing and slow.
It is in dire need of a catalyst and leader who is knowledgeable in the industry to identify areas that Malaysia desires to focus on, and draw up a plan with a definite deadline and move forward to implement it.
The abovementioned approach will pave the way for collaboration with overseas original equipment manufacturers, attract foreign direct investments, technology transfer, exchange earnings and know-how.
It will also open up opportunities for private investors who want to explore areas in aviation and to participate in the industry.
It will also help to create high-income employment for trainees who graduate from technical and vocational education and training programmes, which will be in line with the aspirations of the government.
With the rapid growth of the airline industry in the Asia-Pacific region, albeit the slowdown caused by the pandemic, there are opportunities to provide services to local and foreign customers, which can contribute to the country's foreign exchange.
As the government is an ardent supporter of developing the aerospace industry, the relevant agencies could make it easy for investors to establish business and offer attractive incentives to help the industry grow.
Malaysia has always been an attractive investment destination for many positive reasons — the government must capitalise on this. Neighbouring countries are also striving to attract foreign direct investment. Malaysia should not lose out, particularly in an industry that has much to offer.
SUPPIAH SUBRAMANIAM
Subang Jaya, Selangor
The views expressed in this article are the author's own and do not necessarily reflect those of the New Straits Times