KUALA LUMPUR: DRB-Hicom Bhd plans to set up a university college for the automotive industry as it seeks to produce skilled human capital for the sector.

It said today, it had incorporated a subsidiary HICOM University College Sdn Bhd with an authorised capital of RM10 million or 10 million ordinary shares of RM1 each with a current paid-up capital of two RM1 shares.

DRB-Hicom said it core business is in the automotive sector and is the single-largest integrated automotive corporation in the country.

"The incorporation of Hicom University College is to complement the group’s activities as well as to fulfill the government’s aspiration to develop and produce skilled, competent and knowledgeable human capital towards driving the growth of the nation," it said.

It added HicomUniversity College, as a higher-education and vocational-training institution, would focus on programmes to enhance the competency and skill of human capital for the automotive and automotive-related industries.

It would offer higher education programmes, including at post graduate level, to both local and international students.