Businessman Abdul Rahman Shariff says the vendor development programme introduced in the 1980s has been reduced to 'lip service'. FMTNews
PETALING JAYA: Putrajaya has been urged to revamp a programme to develop local suppliers to support domestic and foreign companies, saying the initiative established in the late 1980s has been reduced to “lip service” over the years.
Rahman, the chairman of oil and gas services company Dynac, told FMT that many vendors are still competing based on price and cheap labour instead of homegrown technology, intellectual property and quality. He referred to companies in Germany which he said have limited numbers of employees but emphasise the development of proprietary technology.
“Disruptive technology is here to stay, and the only way forward is to develop local vendors that are competitive and competent enough to go overseas and get business.”
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