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Industry

Malaysia leans on offsets for industrial development

05 December 2019
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Malaysia has outlined an intention to ensure offsets play a greater role in supporting defence industrial development.

In the country's new Defence White Paper - published in full on 4 December - it states a requirement to allocate up to 15% of offsets secured through defence imports towards advancing indigenous research, development, and production capability.

The White Paper also references a requirement to "restructure" Malaysia's defence industrial base and to set up a new 'investment committee' to support local development.

These initiatives are in addition to a proposed National Defence Industry Policy, which was revealed by the government when it tabled the White Paper in parliament on 2 December.

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