MIDA Collaborates With Invest Selangor to Boost Logistics Supply Chain
The logistics industry is expanding rapidly in Malaysia especially in the Klang Valley, in tandem with the robust growth of the digital economy and industry 4.0 in the country. Recognising the potentials of Selangor to become the logistics gateway to South East Asia catering to the needs of the ASEAN and APAC region, the Malaysian Investment Development Authority (MIDA) and Invest Selangor jointly organised the Investment Forum on Logistics Industry with the theme, ‘Deepening Logistics Supply Chain in Selangor’ at the Concorde Hotel Shah Alam today
10 July 2018, Shah Alam – The logistics industry is expanding rapidly in Malaysia especially in the Klang Valley, in tandem with the robust growth of the digital economy and industry 4.0 in the country. Recognising the potentials of Selangor to become the logistics gateway to South East Asia catering to the needs of the ASEAN and APAC region, the Malaysian Investment Development Authority (MIDA) and Invest Selangor jointly organised the Investment Forum on Logistics Industry with the theme, ‘Deepening Logistics Supply Chain in Selangor’ at the Concorde Hotel Shah Alam today.
The half day event, which attracted approximately 200 logistics players, was officiated by YB Dato’ Teng Chang Khim, Senior Executive Councillor of Selangor State Government. Also present at the event was Mr. Arham Abdul Rahman, Deputy Chief Executive Officer of MIDA and Dato’ Hasan Azhari Hj. Idris, CEO of Invest Selangor.
In YB Dato’ Teng’s speech, it was highlighted that this is the first time ever for Invest Selangor and MIDA to organise an Investment Forum on Logistics Industry. He believes that this initiative will continue in order to position the industry in Selangor and make the state a regional hub for logistics. “We want to see more collaborations and cooperations between Invest Selangor and MIDA as well as other related agencies and organisations to boost the logistics supply chain in Selangor,” said YB Dato’ Teng.
Meanwhile, the Deputy CEO of MIDA said, “Being the world’s 24th largest trading nation, Malaysia’s logistics industry plays an integral role in enabling the growth of the country’s supply chain. From MIDA’s on-going engagements with the industry, we noticed an increasing trend of companies venturing into more specialised activities. We hope to see more industry players emulating some of these best practices as well as leveraging on the facilities provided by the Government, such as the Integrated Logistics Services (ILS) and International Integrated Logistics Services (IILS) to encourage the growth of Malaysian companies in the logistics industry.”
As at April 2018, MIDA has approved 89 ILS projects with total investment of RM5.9 billion. Meanwhile, 123 companies have been approved with IILS status enabling them to obtain the Freight Forwarding License from Customs.
Dato’ Hasan in his welcoming remarks said that Invest Selangor’s commitment is to ensure all the necessary business friendly features are made available in the state. He is confident that Selangor will continue to be the most competitive place to do business in the ASEAN landscape, providing the best and most conducive investment environment for local and foreign investors.
The Malaysia Institute of Transport (MITRANS) in collaboration with MTRANS Logistics and Transportation Solutions (MTLT) also launched its Malaysia Logistics Performance Index (MLPI) during the event today. The MLPI establishes performance indicators for the freight logistics industry in Malaysia based on the views of industry professional particularly the local logistics service providers and manufacturers. It also provides comparisons with the findings from the Logistics Performance Index (LPI) conducted by the World Bank. This interactive database can be used as a one stop data centre towards developing a more comprehensive strategic plan for Malaysia’s logistics industry.
The investment forum aimed to provide more insights on the logistics industry’s readiness in terms of technology, talent development and infrastructure. The panel discussion was moderated by the Chairman of the Federation of Malaysian Manufacturer’s Selangor branch with panellists that consisted of key speakers from Sin-Kung Logistics, Port Klang Authority, MITRANS and Logistics Worldwide Express (LWE). Selangor Logistics Clinics (Business Matching Sessions) were also provided for participants to engage with 10 related organisations at the forum.
ABOUT INVEST SELANGOR
Invest Selangor Berhad is the first contact point for corporations planning to invest in Selangor, Malaysia. We are a one-stop agency, which provides information and advisory services to potential and existing investors as well as assistance in setting up operations in Selangor. If you wish to learn more about Invest Selangor, please visit our website: www.investselangor.my
For more information, please contact:
Mr. Azrul Shah Mohamad / Mrs. Haslinda Hussin
Corporate Communications Division, Invest Selangor Berhad
Tel: 603 55102005 | Emails: [email protected] / [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. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today 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.
For more information, please contact:
Puan Roeslina Abbas
Director, Business Services & Supply Chain Innovation Division, MIDA
Tel: 03-2267 6676 | Email: [email protected]
Puan Noor Aini Samoon
Director, MIDA Selangor
Tel: 03-5518 4260 | Email: [email protected]