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MIDF, MIDA, Bizsphere organise ‘Malaysia Smart Manufacturing Award 2023 Biz Talk and Forum’

MIDF, MIDA, Bizsphere organise ‘Malaysia Smart Manufacturing Award 2023 Biz Talk and Forum’

29 Nov 2023

Malaysia Industrial Development Finance Bhd (MIDF) has partnered with the Malaysian Investment Development Authority (MIDA) and Bizsphere Sdn Bhd to organise the Malaysia Smart Manufacturing Award 2023 Biz Talk and Forum titled Tech Up for Smart Manufacturing.

The event held today served as a pivotal gathering for industry leaders, experts, and stakeholders to delve into the essence of “Mission 2” of the New Industrial Master Plan (NIMP) 2030, “Tech up for a digitally vibrant nation”.

MIDA chairman Tan Sri Sulaiman Mahbob said the NIMP 2030’s “Mission 2” aims to drive digitalisation, enhance labour productivity, support research and development (R&D) for higher-value products, and bolster supply chain resilience.

“Recognising the dynamic nature of the future of manufacturing, strengthening partnerships within the local manufacturing ecosystem is imperative.

“As global companies anchor advanced manufacturing in Malaysia, local enterprises leveraging advanced technologies will become globally competitive and create exciting, quality jobs.

“Innovation, R&D, specialised technology, and high-productivity processes form the foundation, propelling industries forward,” he said in a joint statement today.

Meanwhile, MIDF chief executive officer Azizi Mustafa stressed the group’s commitment as a development finance institution to support local businesses in their growth journey and adoption of technology to enhance productivity and efficiency.

“MIDF is dedicated to providing financial solutions that empower businesses to embrace technology at a very competitive financing rate.

“In an era where digital transformation is pivotal, we stand firm in our support of local enterprises venturing into smart manufacturing practices,” he said.

Azizi further urged companies that have successfully integrated technology and automation into their operations to participate in the Malaysia Smart Manufacturing Award event.

“These companies can serve as role models and inspire others, especially small and medium enterprises, to embark on their journey toward Industry 4.0.

“By recognising and celebrating these achievements, we aim to create a ripple effect, fostering a culture of innovation and technological advancement in Malaysia’s business landscape,” he added.

Besides this event, MIDF and Bizsphere organised the MIDF Automation and Digital Forum throughout the year in six regions nationwide, garnering enthusiastic responses from industry players and encouraging the exploration of automation and digitalisation in business operations.

Source: Bernama