Treasury Secretary-General Tan Sri Dr Mohd Irwan Serigar Abdullah said the proposal to establish the lab follows Prime Minister Datuk Seri Najib Tun Razak's recent visit to India and which he was a part of.
He added that Indian companies, particularly those in the country's silicon valley, Bangalore, were keen on cooperating with Malaysian entities.
Mohd Irwan Serigar said the design lab is expected to be operational by the third quarter of this year and would offer short term courses of six months in product design expertise such as producing new car components.
"Among the groups to benefit from this design lab are new graduates keen on becoming entrepreneurs," he added.
He told reporters this after attending the Engagement Day 1Malaysia Entrepreneur or 1Met programme at the Finance Ministry here Friday. – Bernama