Proton has submitted its request for funding but it has yet to be considered by the relevant authorities, said International Trade and Industry Minister Mustapa Mohamed.

He said any request for funding is subject to the availability of funds and a thorough cost-benefit analysis.

“Depending on the government’s financial situation, any company can seek tax incentives, research and development grants and training grants,” he told reporters after a dialogue with industry players on the Asean Economic Community in Kuala Lumpur yesterday.

The granting of funds, he said, will also depend on merit and whether it fits with the ministry’s strategic direction.

- Bernama