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Angkasa To Form Consortium To Strengthen Cooperative Movement

February 27, 2010 22:02 PM

Angkasa To Form Consortium To Strengthen Cooperative Movement

KUANTAN, Feb 27 (Bernama) -- The National Cooperative Organisation of Malaysia (Angkasa) is planning to form a national consortium to strengthen the cooperative movement in the country.

Its deputy president, Datuk Abdul Fattah Abdullah said the consortium would enable cooperatives to work together in bigger projects.

He said if cooperatives were to move on their own, the chances of securing big projects might be lower as their capital and expertise were limited.

"Under a consortium, cooperatives stand a better chance to enter bigger markets like the East Coast Economic Region (ECER)," he told reporters after closing Angkasa's Cooperative Diversification Seminar here on Saturday.

For a start, he said Angkasa liaison offices in the east coast states would set up state-level consortia, comprising all registered cooperatives in their respective states.

So far, he said 65 per cent or 7,200 cooperatives nationwide had registered with Angkasa, with 992 cooperatives in the east coast alone.