AGP Executive Report
Last update: 11 hours agoIndustrial Policy Update (Malaysia): Malaysia’s manufacturing sector kept strengthening under NIMP 2030, with gross value-added rising 5.9% in 1Q 2026 to RM101.3bn (from RM95.7bn a year earlier), led by electrical & electronics, refined petroleum, and chemicals. EV & Mobility Outlook (India): India Ratings & Research expects EV penetration to reach 10–12% of vehicle sales in FY27 (from 8.5% in FY26), with growth driven by ownership economics, but profitability and pace hinging on charging buildout and domestic component localisation. Solar Manufacturing (India): Avaada Electro and UTL Solar added 610 MW and 640 MW, respectively, to India’s ALMM List-II for utility-scale solar cells, lifting total enlisted capacity to 31,758 MW. Supply Chain & Security (Tech): Intel and Fortinet expanded their partnership to develop Fortinet’s next Security Processor 6, aiming to speed ASIC development while improving semiconductor supply-chain resilience. Sustainability & Materials (Wind Energy): EU backing (€48.18m) moves Voodin Blade Technology’s first-of-a-kind wooden wind turbine blade factory toward production, targeting lower CO2 and full recyclability. Right to Repair (US): NFIB urged lawmakers to expand right-to-repair after the FTC settlement with John Deere, pushing for access to tools and critical data for independent repair shops. Macroeconomics (Nigeria): Nigeria’s central bank held rates at 26.5%, but credit to the private sector fell 11.19% by June, keeping borrowing costs high for manufacturers and SMEs.
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