PRESS RELEASE : MAICCI SHOULD DEMAND 10% BUSINESS OPPORTUNITIES FROM GOVERNMENT AGENCIES & GOVERNMENT LINKED COMPANIES and RM500 MILLION GRANT

MAICCI SHOULD DEMAND 10% BUSINESS OPPORTUNITIES FROM GOVERNMENT AGENCIES & GOVERNMENT LINKED COMPANIES and RM500 MILLION GRANT 

We refer to the meeting between Malaysian Associated Indian Chamber of Commerce & Industry representatives with the Deputy Prime Minister on March 11th, 2013 and their 11 point memorandum. Klang Indian Chamber of Commerce is happy to note such an initiative taken by a Malaysian Associated Indian Chamber of Commerce & Industry although very much delayed.

We shall be more appreciative had MAICCI demanded at least 10% business opportunities from government agencies and government linked companies besides appointment of Malaysian Indians Directors to the Board. Such opportunities are necessary in order to uplift economically limping Malaysian Indian Community to achieve the 3% Economic Equity target set by former Prime Minister Tun Dr. Mahathir Mohamad in the year 2001.

We welcome MAICCI’s request for special financial allocation for Malaysian Indian businesses. However, such allocation should be in the form of GRANTS to assist small and medium Malaysian Indian Companies to grow further instead being dished out as loans by private commercial banks that are only bureaucratic and profit oriented. We further note that the demand by the national entity to participate in politics is NOT in line with the greater good in uplifting the Malaysian Indian community. Rather, they should look into the transformation of the Malaysian Indian businessmen into High Income individuals that will lead to create more wealth for the community.

Klang Indian Chamber of Commerce is very much concerned on how Malaysian Indians are being sidelined by NATIONAL agencies such as PERBADANAN USAHAWAN NASIONAL BERHAD (PUNB) , PETROLIAM NASIONAL BERHAD (PETRONAS), PERMODALAN NASIONAL BERHAD (PNB) , INSTITUT KEUSAHAWAN NEGARA which only cater to a specific segment of Malaysians. We Malaysian Indians want to be part of this nation. We welcome MAICCI as a national body to clarify the meaning of NATIONAL to include ALL Malaysians that is “1MALAYSIA” as our honorable Prime Minister Dato Sri Najib Tun Razak proclaims.

Thank you.
for more information kindly contact:

M . Shanmugam                           S. Arikrishnan
President                                      Executive Secretary
H/p: 0192654572                        H/p: 0166685405

Klang, March 15, 2013