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N Sembilan recorded over RM11b manufacturing investments from 2015 to June this year, state assembly told

N Sembilan recorded over RM11b manufacturing investments from 2015 to June this year, state assembly told

30 Nov 2020

Negeri Sembilan recorded more than RM11 billion in manufacturing sector investments from 2015 to June this year, the State Legislative Assembly was informed today.

State Investment, Industry, Entrepreneurship, Education and Human Capital Committee chairman Dr Mohamad Rafie Ab Malek said this involved 191 projects in all districts including Seremban, Tampin, Port Dickson and Rembau.

“The highest investment was recorded in Seremban, amounting to RM8.6 billion involving 169 projects, while Jempol recorded the lowest amount at RM158 million with two projects,” he said in response to a question from Chew Seh Yong (Pakatan Harapan-Lobak) on the total investment recorded since 2015 and incentives for local and foreign investments.

He said the state government was currently adopting an open and investor-friendly policy by providing infrastructure facilities and incentives such as direct and indirect tax incentives, including those under the Investment Act 1986 and the Income Tax Act 1967.

“Direct tax incentives provide partial or full relief of income tax payments for a certain period while indirect tax incentives are in the form of import duty, sales tax and excise duty exemption,” he said.

Mohamad Rafie said the state government had also introduced various incentives to local and foreign investors, including a 25% premium discount on land ownership and land development to applicants who settled the premium payment within 21 days from the date of receiving the 5A and 7G notices (of payment due) from land administrators.

Meanwhile, responding to Chew’s supplementary question on the state government’s plan to work with the private sector or community in developing idle land in Negeri Sembilan, he said the cooperation was being done by focusing on the industrial, agricultural and ecotourism sectors.

“It will be aggressively undertaken to increase investment as well as ensuring employment and business opportunities are obtained and can be enjoyed by the people,” he said.

Source: Bernama Posted on : 30 November 2020