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Johor attracts significant investments in food manufacturing.

Johor attracts significant investments in food manufacturing.

The Malaysian Investment Development Authority (MIDA) has
continued to encourage Singaporean food companies to invest as well as
outsource halal products and services in the state.

Singapore Manufacturing Federation (SMF) Deputy President,
Sunny Koh said investors from Singapore and Malaysia would benefit from the
warm ties between the two countries. In addition, businesses would gain from
the zero or lower import tariffs, which is a value-added advantage for food
manufacturers.

He called for the creation of an ecosystem so that food
industry players could set up their base in Malaysia.

Koh was speaking at the Food Technology Industry seminar
jointly organised by MIDA, Spring Singapore, SMF and Iskandar Regional
Development Authority in Johore, yesterday. He represented some 100 Singaporean
participants at the event, which were attended by over 200 representatives from
the food and related sectors.

MIDA Executive Director, Manufacturing Development (Resource),
N. Sangaran concurred with Koh for an ecosystem that would enable Singaporean
food manufacturers to minimise operating cost and encourage them to expand to
Malaysia. This would boost businesses in the supporting services sector as well
as create more jobs.

At a media conference after the seminar, Sangaran said
Johor is likely to emerge as the state which had attracted the highest level of
manufacturing investments last year. The state has consistently stayed among
the top five investment destinations in the country over the years.

For the first nine months of 2014, Johor received 147
projects with investments of some RM20.1billion.

The Minister of International Trade and Industry, Dato’Sri
Mustapa Mohamed is scheduled to release the country’s investment performance
for 2014 in Kuala Lumpur on Feb 28.

Source: NST Business Times and StarBiz 29
Jan 2015

29 January 2015
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