KUALA LUMPUR (Oct 2): The local aviation and aerospace industry is hoping that Budget 2023 will include initiatives and policies that encourage technology-first strategies to support post-pandemic recovery and the industry's future ecosystem. "We need a Budget that supports an ecosystem that is friendly and conducive to the growth of the technology industry, not necessarily to the aviation and aerospace industry only but all in general. Kamarul noted that assistance in terms of grants is more suitable than subsidies as the aviation and aerospace industry is capital- and technology-intensive, whereby a huge fund size is needed for it to grow. "If we look at South Korea and Japan, for examples, priority [for investment] is given to domestic technology. Ida added she also hopes that the Budget will address the growth of general aviation and aviation sports.
