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MIDA To Help SMEs Gain Access To Global Market

MIDA To Help SMEs Gain Access To Global Market

The Malaysian Investment Development Authority (MIDA) aims to create
opportunities for small and medium enterprises (SMEs) to access the global
market and encourage multinational corporations (MNCs) to utilise local
products and services.

Deputy Chief Executive Officer, Datuk N. Rajendran, said the strong presence of
MNCs and large local corporations in Sarawak which had made significant
investments in the state hold promise for business collaboration and
opportunities within the region.

“Sarawak is certainly one of the many appealing investment destinations
within Malaysia and to date, a total of 745 manufacturing projects with
investments worth RM71.2 billion have been implemented in the state,” he
said in a statement here.

He said this during the Supply Chain Conference for Sabah and Sarawak held in
Kuching today.

MIDA has earlier organised four supply chain conferences in various regions in
Malaysia, focusing on the respective region’s economic strengths.

“With this initiative, which definitely will continue in the future, we
hope that more local players would be able to build up their capacities by
integrating themselves into the MNC’s supply chain,” he said.

He added that the SMEs also needed to raise their efficiency levels, strengthen
inter-firm linkages and respond timely to market changes in order to remain
relevant and competitive.

Source: Bernama

22 November 2017