MITI advances industrial reforms to attract investment
03 Mar 2025
The Investment, Trade and Industry Ministry (Miti), through the Malaysian Investment Development Authority (Mida), will continue advancing industrial reform policies to enhance Malaysia’s appeal as a prime investment destination.
Its minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said Southeast Asia has attracted investments across various sectors, including automotive, electronics, mining, and services.
In the third quarter of 2024, Malaysia, along with Indonesia, the Philippines, Thailand, and Vietnam, experienced an increase in foreign direct investment (FDI) inflows.
Tengku Zafrul noted the importance of patience in building a strong industrial base, stating that such a foundation cannot be established overnight.
“To that end, Miti through the New Industrial Master Plan (NIMP) is also prioritising tech- and knowledge-driven growth by attracting the right investments, promoting more research and development (R&D) in Malaysia, and deepening our collaboration with global partners,” he said at Betamek Bhd’s launch of its R&D centre here today.
Tengku Zafrul said in line with Malaysia’s industrial plan’s objectives, various initiatives have been implemented to position the country as a key player in the global supply chain for advanced industries.
“Our goal is clear – to develop a more vibrant, resilient and future-ready Malaysian economy by 2030,” he added.
Betamek operates as an original design manufacturer (ODM) and offers electronics manufacturing services (EMS) specifically for the automotive industry.
The opening of the new R&D centre marks a significant milestone in the company’s commitment to enhancing local innovation and advancing next-generation automotive technology.
Its chairman Ahmad Subri Abdullah stated that the R&D centre will be instrumental in developing advanced driver assistance systems, vehicle connectivity solutions, and smart cockpit technologies.
“The facility is expected to enhance Malaysia’s ability to develop homegrown automotive innovations, ensuring local players remain competitive in a rapidly evolving global market.
“With this new initiative, Betamek reinforces its role as an industry leader in automotive technology, driving innovation and setting new benchmarks for the future of mobility in Malaysia and beyond,” he added.
Ahmad Subri said the launch is not only a significant milestone for Betamek but also a bold step in Malaysia’s progress toward becoming a leader in automotive technology.
Source: NST
