MIDA and 1MINE (Malaysian Indian Network Entrepreneur) once again organised a seminar on ‘Seizing the Investment Opportunity among the Malaysian Manufacturers’ on 11 September 2020.
The partnership between MIDA and 1MINE startedin 2016 to update local investors on investment opportunities and government facilitations. Established seven (7) years ago, 1MINE is an Indian business non-government organisation (NGO) in Malaysia that coordinates business networking sessions to assist the Indian entrepreneurs to build a strong business community. The NGO also organises in-house training, seminars, talk programmes; apart from sports and recreational activities for youths.
This year, the engagement was aimed to update investors on the recent PENJANA initiatives announced on 5 June 2020 in assisting the recovery of the country’s economy.
Mr. Hari Senthithasan, President of 1MINE and Mr. Sivasuriyamoorthy Sundara Raja, Executive Director of Investment Promotion of MIDA led the seminar with Mr. S. Siva presenting on the investment opportunities in the manufacturing and services sectors. Ms. Rozita Ibrahim, Senior Deputy Director, Strategic Planning and Policy Advocacy (Manufacturing) Division shared on various investment incentives; while
Mr. Sherulanuar Abd. Karim, Deputy Director of Post-Investment and Infrastructure Support Division briefed on facilitation support for the implementation of approved projects. Ms. Nor Aswana Iskandar, the Deputy Director of Licensing and Incentive Compliance and Monitoring Section of MIDA further explained on compliance mechanism of investment tax incentive approvals.
MIDA continues its efforts to organise facilitation programmes to attract new and existing investors to invest in targeted sectors. Among the focus industries include the electrical and electronics, machinery and equipment, medical devices, aerospace, renewable energy and consumer technology. It is in line with MIDA’s ecosystem approach in promoting high-value projects to fill in the gaps in industries’ value chain and for companies to remain and grow in Malaysia.