The Importance of Manufacturing Industry in Malaysia

1. Discuss the grandness of manufacturing industry in Malaysia. com/chapter-practice/Manufacturing is the use of machines, tools and jab to reach goods for trade. The term may nominate to a range of human activity from handicraft to high tech, but is or so commonly applied to industrial production, in which raw materials be transformed into ruined goods on a large scale. much(prenominal) destroyed goods may be apply for manufacturing separate, more complex products, such as household appliances, automobiles or sold townsfolk whole induct byers, who in cut into sell them to retailers, who then sell them to end users the consumers.Manufacturing takes turn under totally types of economic systems. In a free market economy, manufacturing is commonly say toward the mass production of products for sale to consumers at a profit. In a collectivist economy, manufacturing is more frequently directed by the state to supply a centrally planned economy. In merge market economi es, manufacturing occurs under some stop of government regulation. Modern manufacturing includes all median(a) processes required for the production and integration of a products components. Some industries such as semiconductor and steel shaper use the term fabrication instead.The manufacturing orbit is closely connected with engineering and industrial design. Examples of major manufacturers in Malaysia include Proton, PETRONAS and manage Oil industry. Recently, manufacturing industries in Malaysia pay off rattling rapidly if compared to previous decades. With the rapidly grow of manufacturing industries, the government has to play its role in wander to ensure every aspects of original concern policies and regulatory to be obeyed. new(prenominal) than that, this allow ensure that the current trading and manufacturing environment in Malaysia to be dovish yet globally competitive.To start with, manufacturing celestial sphere in Malaysia contributes almost 80% of gene ral soils export and besides, Malaysia besides known as the 17 largest export nations in the world. For that reason, Malaysias government has to die hard in sanctify to maintain, relieve and enhance our manufacturing domain. It is stated that products manufactured in Malaysia are accepted in actual countries such as US, EU and Japan. This shows that our manufacturing vault of heaven already handd a aim that bear be proud of. As we all know, Malaysia also known for its agro-based sector.In Malaysia, some commercial-based plants are heavily grown and these plants are harvested to call down some kinds of raw materials such as palm oils, rubber, timber, rice and fiber. Unfortunately, the income that hindquarters be generated from agro-based sector is not really considerable compared to manufacturing sector. For that reason, with the availability of the manufacturing sector, Malaysia does not need to curse on the agro-based sector only. Furthermore, manufacturing sector give the axe help in boosting the pedagogy of agro-based sector by tornadoing the capabilities of some downstream activities such as product processing, encase and distributing.These activities are useful in order to turn the raw material (palm oil, rubber, rice) into finished product or half-finished product. Besides, the manufacturing sector heap assist in the utilization and development of R&D and ICT bankers acceptance for business and manufacturing purposes. Along the way, ICT adoption can forget to the wider usage of electronic avocation for business to business. Other than that, ICT will urge the utilization of RFID and product coding standards. In the bringing up aspects, the development in manufacturing sector can help to boost Malaysias education sector.Manufacturing sector has the capability to offer and provide the working experience, industrial training and actual case study for education and former(a) government sectors in Malaysia. As a matter of fact, u ndergraduate and grad student students in Malaysia can take these chances to get some exposure of working in manufacturing sector in Malaysia. Besides, a hardening of researches can be conducted in order to solve industrial problems and this can lead to the occurrence of engineering science transfer and the find of new knowledge.Despite that, Malaysia is one of the Muslim country and other than that, Malaysia also does a bundle of active col lying-ination between other countries. Malaysia can be the door for other countries such as developed countries to do collaboration with other Islamic nations. In the same way, many Islamic countries swallow the ability to offer lower manufacturing cost especially the raw material, labor heraldic bearing and business capital. From the collaboration with developed countries, the Islamic countries can enhance their economy conditions and receiving engine room transfer.In Malaysias manufacturing sector there is no end for continuous developm ent 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 craftsmanship 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 high-tech, higher-value added and more sophisticated products and services.Similarly, joint-ventures and collaborations make with developed nations yield a draw play of benefits. Next, Malaysia can go to a higher level and respected globally. In addition, through with(predicate) joint-ventures and collaborations, Malaysia can obtain a range of expertise that her really need and as well as valuable technology transfer. On the other side, Malaysia can also carry out some projects afield with the developed countries expertise and material and labor fro m Malaysia. This will give credits to some(prenominal) parties. After a while, Malaysia can be proud to be known as a successful developed country.