Germany’s investment in Malaysia will continue to grow, mainly in the
electrical and electronics (EE) and energy sectors this year,
Malaysian-German Chamber of Commerce and Industry executive director,
Alexander Stedtfeld was quoted by the Malaysian Bernama News Agency.
On the transfer of key competencies to Malaysian employees,
Stedtfeld said German companies always prioritised in investing in
young talent and having personal development programme for them.
“Big
companies like B Braun and T-Systems have their own training centres,
and every year around 50 to 60 graduates from universities would be
offered a year-and-a-half training and most of them will continue with
the companies,” he said.
It was reported that from
January-December 2014, 387 manufacturing projects worth nearly eight
billion USD from Germany had been implemented in Malaysia, mainly in the
EE, chemical and chemical products, petroleum products, natural
gas, and rubber products sectors.
Some of the notable German
firms which already have a strong presence in Malaysia for decades
include Volkswagen, BMW, Mercedez, Audi, Deutsche Bank, Siemens AG and
Bosch.
Besides large companies, small and medium enterprises have also made their foray into the Malaysian market last year.-VNA