The Importance of Manufacturing Industry in Malaysia

1. Discuss the importance of manufacturing industry in Malaysia. com/chapter-practice/Manufacturing is the use of machines, tools and labor to produce goods for sale. The landmark whitethorn refer to a regularize of human activity from handicraft to towering tech, but is most commonly use to industrial return, in which primitive materials are transformed into finished goods on a large scale. Such finished goods may be used for manufacturing separate, more than(prenominal) confused growths, such as household appliances, automobiles or sold town whole raters, who in turn sell them to retailers, who then sell them to end users the consumers.Manufacturing takes turn infra both types of economic systems. In a bountiful market economy, manufacturing is usually directed toward the muddle production of products for sale to consumers at a profit. In a collectivist economy, manufacturing is more frequently directed by the present to supply a centrally plan economy. In mixed market economies, manufacturing occurs under some degree of politics regulation. fresh manufacturing includes all in statusediate processes required for the production and integration of a products comp whiznts. Some industries such as semiconductor device and steel manufacturer use the term fabrication instead.The manufacturing welkin is closely attached with engineering and industrial design. Ex angstromles of major manufacturers in Malaysia include Proton, PETRONAS and Palm Oil industry. Recently, manufacturing industries in Malaysia grow very rapidly if compared to introductory decades. With the rapidly grow of manufacturing industries, the government has to swindle its role in order to meet every aspects of current trading policies and regulatory to be obeyed. new(prenominal) than that, this will chequer that the current trading and manufacturing environment in Malaysia to be peaceful yet spherically competitive.To start with, manufacturing area in Malaysia contribu tes some 80% of overall countrys export and besides, Malaysia withal know as the 17 largest exporting nations in the world. For that reason, Malaysias government has to work hard in order to maintain, preserve and call forth our manufacturing sphere of influence. It is tell that products manufactured in Malaysia are judge in developed countries such as US, EU and Japan. This shows that our manufacturing sector already acquired a level that burn be grand of. As we all know, Malaysia also known for its agro-based sector.In Malaysia, some commercial-based plants are heavily large(p) and these plants are harvested to produce some kinds of altogether materials such as palm oils, rubber, timber, strain and fiber. Unfortunately, the income that can be generated from agro-based sector is non rightfully huge compared to manufacturing sector. For that reason, with the availability of the manufacturing sector, Malaysia does not need to rely on the agro-based sector only. Furthermo re, manufacturing sector can dish in boosting the exploitation of agro-based sector by crack the capabilities of some downstream activities such as product processing, packaging and distributing.These activities are utilizable in order to turn the vulgar material (palm oil, rubber, rice) into finished product or half-finished product. Besides, the manufacturing sector can assist in the utilization and development of R&D and ICT adoption for business and manufacturing purposes. on the way, ICT adoption can lead to the wider rule of electronic commerce for business to business. Other than that, ICT will facilitate the utilization of RFID and product coding standards. In the education aspects, the development in manufacturing sector can help to boost Malaysias education sector.Manufacturing sector has the potentiality to declare and provide the on the job(p) experience, industrial training and actual discipline study for education and opposite government sectors in Malay sia. As a point of fact, undergraduate and postgraduate students in Malaysia can take these chances to get some mental picture of working in manufacturing sector in Malaysia. Besides, a lot of researches can be conducted in order to solve industrial problems and this can lead to the occurrence of applied science transfer and the discovery of new knowledge.Despite that, Malaysia is one of the Islamic country and other than that, Malaysia also does a lot of active quislingism between other countries. Malaysia can be the door for other countries such as developed countries to do quislingism with other Islamic nations. In the same way, umteen Islamic countries have the ability to offer lower manufacturing costs especially the raw material, labor charge and business capital. From the collaboration with developed countries, the Islamic countries can enhance their economy conditions and receiving technology transfer.In Malaysias manufacturing sector there is no end for sustained dev elopment efforts. In order to achieve the competitiveness level and innovative capability that up to the global standard, the manufacturing sector is doing its best. For example, Malaysia is doing collaboration with Australia via Free Trade Agreement (FTA). By implementing FTA, Malaysia is trying to achieve and put herself the global manufacturing environment. Along with that, Malaysia will be a country that manages to produce a higher-tech, higher-value added and more sophisticated products and services.Similarly, joint-ventures and collaborations made with developed nations fork over a lot of benefits. Next, Malaysia can go to a higher level and esteem globally. In addition, through joint-ventures and collaborations, Malaysia can pay back a flow of expertness that her really need and as well as valuable technology transfer. On the other side, Malaysia can also carry unwrap some projects abroad with the developed countries expertise and material and labor from Malaysia. This wi ll deliberate credits to both parties. After a while, Malaysia can be proud to be known as a made developed country.