The Importance of Manufacturing Industry in Malaysia

1. Discuss the importance of manufacturing industry in Malaysia. com/chapter-practice/Manufacturing is the single-valued function of machines, tools and labor to produce goods for sale. The term may refer to a ply of human activity from handicraft to high tech, but is most ordinarily applied to industrial end product, in which raw reals are transformed into sinless goods on a large scale. Such finished goods may be used for manufacturing other, more(prenominal) complex products, much(prenominal) as household appliances, automobiles or sold town whole sellers, who in turn sell them to retailers, who wherefore sell them to end users the consumers.Manufacturing takes turn under all types of economic systems. In a free market economy, manufacturing is usually directed 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 mixed market ec onomies, manufacturing occurs under some horizontal surface of government regulation. Modern manufacturing includes all intermediate processes required for the production and consolidation of a products components. Some industries such as semiconducting fabric and steel manufacturer use the term fabrication instead.The manufacturing sphere is about connected with engineering and industrial design. Examples of major manufacturers in Malaysia include Proton, PETRONAS and wield Oil industry. Recently, manufacturing industries in Malaysia grow very chop-chop if compared to previous decades. With the rapidly grow of manufacturing industries, the government has to play its role in order to underwrite every aspects of current trading policies and regulatory to be obeyed. Other than that, this forget ensure that the current trading and manufacturing environment in Malaysia to be unruffled yet globally competitive.To start with, manufacturing sector in Malaysia contributes almost 8 0% of overall countrys export and besides, Malaysia withal known as the 17 largest exporting nations in the world. For that reason, Malaysias government has to work troublesome in order to maintain, preserve and enhance our manufacturing sector. It is stated that products manufactured in Malaysia are accepted in developed countries such as US, EU and Japan. This shows that our manufacturing sector already achieved a level that tail end be regal of. As we all know, Malaysia also known for its agro-based sector.In Malaysia, some commercial-based plants are heavy grown and these plants are harvested to produce some kinds of raw materials such as palm oils, rubber, timber, rice and fiber. Unfortunately, the income that can be generated from agro-based sector is not truly 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. Furthermore, manufacturing sector can foste r in boosting the development of agro-based sector by offering the capabilities of some downstream activities such as product processing, promotion 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 can assist in the utilization and development of R&D and ICT adoption for care and manufacturing purposes. Along the way, ICT adoption can troika to the wider usage of electronic transaction for business to business. Other than that, ICT will facilitate the utilization of RFID and product secret writing standards. In the fostering aspects, the development in manufacturing sector can help to boost Malaysias education sector.Manufacturing sector has the capability to offer and digest the working experience, industrial training and actual case study for education and other government sectors in Malaysia. As a matter of fact, undergrad and postgrad uate students in Malaysia can take these chances to get some movie 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 technology transfer and the discovery of new knowledge.Despite that, Malaysia is one of the Muslim 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 collaboration with other Islamic nations. In the same way, many Islamic countries have the ability to offer glower 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 continuous development 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 do with developed nations yield a lot of benefits. Next, Malaysia can go to a higher level and respected globally. In addition, through joint-ventures and collaborations, Malaysia can admit a flow of expertise that her really need and as hygienic as valuable technology transfer. On the other side, Malaysia can also carry out some projects abroad with the developed countries expertise and material and labor from Malaysia. This will give credits to both parties. After a while, Malaysia can be proud to be known as a successful developed country.