Kuala Lumpur, 20 November 2019
“Forums, seminars and conferences like IoT Malaysia 2019 are instrumental in creating awareness among SMEs and start-up technopreneurs to explore the adoption and implementation of IoT, as a means to add value to their products and services. Ultimately, increasing their productivity and efficiency towards scaling up their businesses,”said Dato' Abdul Majid commending this public-private collaborative effort.
“The E&E industry in Malaysia reflects the backbone of the Malaysian economy. We hope that by increasing the capacity and capability of Malaysian firms, start-ups, universities, and research institutes in technology areas such as IoT, Malaysia will emerge as a hub for high value and innovative technology commercialisation. This is to be achieved not only by improving industrial productivity but also increasing efficiency and reducing costs of local businesses. Local firms, especially SMEs, are urged to embrace and diversify into new fields,” added MIDA Chairman.
Mr. Eric Chan, Vice President of Intel IoT Group, said, “IoT Malaysia forum has become one of the most effective ways for us to join forces with MIDA and various government agencies to provide business networking, technology and knowledge sharing, bridging the regional expertise and local expertise. With the strong support from MIDA and other agencies, this forum has been very successful in building regional ecosystems for Malaysian players, and that is the very reason we keep going year after year.”
The Government continues to attract new quality investments from foreign investors and encourage existing foreign MNCs to move up the value chain. The Budget 2020 announced an allocation of customised investment package incentives up to RM1 billion annually over five years for targeted Fortune 500 and global unicorns in high technology, manufacturing, creative and new economy sectors. There is also an allocation for special incentives to further promote high value-added activities in the E&E industry to assist companies in transitioning into 5G digital economy and Industry 4.0.
“Through these facilities, MNCs can assume a strong role to support local companies and SMEs to grow. If MNCs can give SMEs a helping hand, just like what Intel is doing today, local companies and SMEs can leverage on the established IoT platforms of these MNCs. Local players will be able to step up to fill up the gaps in the IoT ecosystem by providing supporting technologies and services required,” said Dato' Abdul Majid Ahmad Khan.
As of December 2018, over 4,000 E&E projects of investments worth RM204.9 billion have been implemented within the country. These projects have contributed to over 786,000 jobs. Additionally, MIDA has approved 48 E&E projects of investments over RM16.4 billion during the first half of 2019.
The full-day event featured real-life implementation of Industry 4.0 technology through live demo showcased by 20 technology partners of Intel such as Adlink, Advantech, IEI, Dell, HPE and Elliance. The topics covered include Artificial Intelligence (AI), Smart City, Energy and Manufacture Industry.
For more information, please contact:
Ms Azlina Hamdan
Director, Electrical & Electronics Division
Tel: 03-2267 3791 I Email:[email protected]
MIDA is the government's principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook.