Penang looks into high value-added activities - MIDA | Malaysian Investment Development Authority
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Penang looks into high value-added activities

Penang looks into high value-added activities

19 Jan 2022

The state plans to count on its industrial expertise to strive for excellence in industrialisation

Penang will keep abreast of emerging trends and penetrate high value-added activities to boost the state’s industrialisation growth.

Chief Minister Chow Kon Yeow said the state plans to count on its industrial expertise to strive for excellence in industrialisation and propel Penang to greater heights.

“Going forward, the state is cognisant of the emerging trends and will uphold our competitive edge by penetrating high value-added activities while strengthening existing industries.

“We will bank on our industrial expertise to maintain excellence for the next 50 years and beyond,” he said during the launch of the 50th anniversary for industrialisation in Penang yesterday.

Chow said the state has established a public-private partnership with industry leaders to outline and coordinate a year-long event with 12 focused themes to demonstrate Penang’s successful transformation and forward-looking plans.

The curated themes also focus on industries with countless possibilities including electrical and electronics, medical technology, digital economy and global business, food technology and space technology.

“Apart from these, local technopreneurship and start-up are among the themes that are apt to be showcased, featuring the capabilities and breakthroughs of homegrown companies,” said Chow.

Chairperson of the Organising Committee for the 50th-anniversary celebration Datuk Seri Lee Kah Choon said Penang’s solid reputation is built on decades of manufacturing excellence and industrial experience.

“This has translated into far-reaching effects, in terms of moving up the value chain and uplifting the skillset of the local workforce.

“All these have placed the state on the right trajectory to achieve a high-income economy. Specifically, we are seeing digitalisation, manufacturing excellence and innovation as the key drivers and talent pool expansion as the factor underpinning the drivers’ success,” he said in his opening remarks.

Chow added with the uptake of IR4.0 technologies that drive productivity and growth, innovation and talent are imperatives that form the core of Penang’s digitalisation journey.

In addition, Penang also pledged to hold sustainability as one of its top priorities as it moves forward.

As such, environmental, social and governance aspects will not be neglected in the state’s agenda.

“All the themes coincide with my Penang2030 vision of ‘A Family-focused Green and Smart State to Inspire the Nation,” he said.

Industry players that join Penang to drive the theme for the celebration include Aemulus Holdings Bhd, ams-OSRAM, Angkasa-X, Boston Scientific (M) Sdn Bhd, Exabytes Network Sdn Bhd, Inari Amertron Bhd, Intel Corp, Keysight Technologies, Penang GBS Focus Group and Penang Skills Development Centre.

Source: The Malaysian Reserve