English
contrastBtngrayscaleBtn oku-icon

|

plusBtn crossBtn minusBtn

|

This site
is mobile
responsive

sticky-logo

Government assists industry players to embrace Industry 4.0

Government assists industry players to embrace Industry 4.0

The government is aggressively
undertaking various efforts to assist industry players in embracing Industry
4.0 through the adoption of automation and smart manufacturing.

Malaysian Investment Development
Authority (MIDA) strategic planning (manufacturing) executive director Zabidi
Mahbar said Ministry of International Trade and Industry (MITI) and MIDA are
heavily involved in formulating strategies and conducting related research.

“The research includes the “Future
of Manufacturing” Study on the 3+2 catalytic and high growth potential sectors
identified under the 11th Malaysia Plan and the National Plan for Industry
4.0,” he said in his keynote address during the East Malaysia Domestic
Investment Seminar in Sabah, today.

He said both research documents are
expected to be completed by the first quarter of 2018.

“Since 2015, the government has
provided a facility in the form of Automation Capital Allowance for automation
expenditure to assist manufacturing companies in embracing this new concept,”
he added.

As at October 2017, MIDA has
approved a total of 71 applications of which two applications approved were
from Sabah.

In the recent Budget 2018, the
government highlighted several new incentive packages to accelerate the growth
and adoption of smart manufacturing and Industry 4.0 in Malaysia.

“With these facilities in place, we
would like to encourage more companies to adopt smart manufacturing
technologies and processes that will in return serve them well by reducing
dependency on foreign labour, improve productivity and enhance their long term
competitiveness,” Zabidi said.

He pointed out as the principal
investment promotion agency of Malaysia, MIDA seeks to attract quality
investments, which would have spillover effects towards generating greater
prosperity for Malaysians.

“Sabah is certainly one of the
recipients of such investments. As at December 2016, a total of 757
manufacturing projects with investments worth RM19.7 billion have been
implemented in the state,” he said.

Zabidi said there are more than
91,000 Sabahans have benefitted from these projects through employment and
Sabah continues to attract additional approved investments of more than RM400
million this year.

The approved investments include in
the services sector particularly the hotel and tourism; energy generation and
conservation projects, and in the manufacturing sector in the first half of
2017.

“We know that a comprehensive
ecosystem will be a natural magnet for investments. With that in mind, the
government continues to undertake concerted efforts to put in place the
required enablers that will support investors in doing their business in this
country.

“We are optimistic the latest
infrastructure development project such as the Pan Borneo Highway will be an
impetus to attract more quality investments into East Malaysia, particularly in
the targeted sectors such as petroleum products, chemical and chemical
products, oil & gas, building materials, food manufacturing, furniture,
tourism and agriculture,” Zabidi said.

More than 200 industry players
attended the one-day programme, which was part of MIDA’s continuous efforts to
update the industry players especially in East Malaysia on the latest policies
and facilities that are available.

It also featured two plenary
sessions moderated by Federation of Malaysian Manufacturers (FMM) and Persatuan
Usahawan Maju Malaysia (PUMM) and key speakers from MIDA, Malaysia External
Trade Development Corporation (MATRADE), SME Corporation Malaysia (SME Corp),
Halal Industry Development Corporation (HDC), Small Medium Enterprise
Development Bank Malaysia (SME Bank), Malaysian Industrial Development Finance
(MIDF), and Credit Guarantee Corporation (CGC).

The event also featured business
clinic sessions that enabled participants to engage and obtain direct
consultations with various agencies at both federal and state levels.

Source: NST

08 December 2017
TwitterLinkedInFacebookWhatsApp
wpChatIcon
X