On March 23rd a business networking event was co-hosted by BAE Systems and UKTI DSO in London to give UK businesses the opportunity to explore and develop partnerships with Malaysian counterparts across a wide range of industries including aerospace and high-end technology.
Keith Smith, Regional Director of UKTI DSO, Asia Pacific launched the event which included briefings from BAE Systems, Malaysian Investment Development Authority (MIDA), and the Ministry of Defence (MINDEF). They covered key topics such as the opportunities for small and medium sized enterprises (SMEs) in Malaysia, the importance of offset to a multi-role combat aircraft (MRCA) campaign and the benefits of such offset policies to the Malaysian economy. The briefings highlighted a shared commitment to bring leading edge technology and innovation to Malaysia via industrial partnerships and BAE Systems’ vast experience in delivering successful solutions, especially in the United Kingdom.
During the opening Keith called on UK businesses to engage more closely with their Malaysian counterparts “UK SMEs should engage Malaysian industry to better understand each other’s offerings and thereby determine areas of synergy for future collaboration. There are many benefits that result; not least being the growth of the indigenous technology base in Malaysia and a UK SME community with much broader market scope. It is a win-win situation.”
Alan Garwood, Group Business Development Director of BAE Systems, also emphasised the importance of the relationship between the two countries and said “Malaysia is a capable, prosperous and flexible market in which to operate, and a prominent player in the ASEAN region. As a company with a long history in Malaysia, BAE Systems recognises the country’s potential and our industrial strategy continues to forge strong and sustainable relationships with the Malaysian defence and security industry, where we recognise SMEs as a key engine of growth, employment and innovation”.
Sangaran Narayanan, Director, Machinery and Supporting Industries Division for MIDA said “Malaysia’s Vision 2020 relies on the creativity, energy and initiative of the private sector and SMEs as the primary driver of growth. Malaysia offers a suitable environment for UK to leverage key partnerships across a wide range of industrial sectors. We welcome such partnership as we believe that it moves Malaysia up the value chain; boosting innovation, creativity and quality among local players”
BAE Systems has had a presence in Malaysia for more than 20 years and established South East Asia regional headquarters in Kuala Lumpur. As part of BAE Systems’ continuing commitment to Malaysia, this initiative is a follow-up to an SME event hosted in Kuala Lumpur in November last year. The Company is looking to play a significant role in Malaysia’s economic, technology and capacity development via partnerships with innovative SMEs, government agencies and key academic institutions.