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Melaka attracted RM3 bln manufacturing investment in first 9 months – CM

Melaka attracted RM3 bln manufacturing investment in first 9 months – CM

22 Sep 2020

Melaka attracted more than RM3 billion worth of investments into its manufacturing sector in the first nine months of this year, says Chief Minister Datuk Seri Sulaiman Md Ali.

He said the investment is encouraging given the economy was recovering after the Movement Control Order (MCO) period and the ongoing international travel restrictions.

“We are grateful that we were still able to achieve those figures despite the challenging global economic conditions due to COVID-19, and the investment in this sector could create job opportunities especially related to electronics and electrical goods as well as ancillary businesses.

“The state government will continue to formulate strategies to revitalise the nation’s economy, and we hope to attract more foreign investors over the next two to three years,” he told reporters after visiting the Texas Instruments Electronics Malaysia (TIEM) plant here today.

Also present were TIEM managing director Subbah Rao and Malaysian Investment Development Authority (MIDA) Melaka director Haffizam Abu Seman.

Sulaiman said the state government is optimistic of achieving the target of RM5 billion in manufacturing investment this year, despite the restricted communication and difficulty in meeting investors.

He said the visit to the semiconductor designer and manufacturer was aimed at fostering closer relations between the state government and manufacturers as well as investors, noting that the manufacturing sector is the state’s main engine of economic growth.

“I am optimistic Melaka will continue to be the ‘top choice for the top performers’ to invest due to the state government’s investor-friendly attitude and responsiveness in dealing with any problems raised,” he said.

Source: Bernama Posted on : 22 September 2020