President of the Federation of Malaysian Manufacturers Tan Sri Soh Thian Lai - Federation of Malaysian Manufacturers - FMM/FBPIX: The New Industrial Master Plan 2030 is instrumental in supporting the Madani Economy framework and achieving the targets set for the next 10 years, including being a leader of the Asian economy and ranking among the top 30 largest economies in the world and the top 12 in global competitiveness.
“The plan is geared towards moving our manufacturing sector up the value chain to more high-technology and high value-added and complex products, as well as developing our national technological capabilities, which would be instrumental in supporting the high-technology manufacturing economy. It said that having the holistic ecosystem in place would most certainly elevate Malaysia’s attractiveness to both foreign and domestic investors, especially in the high-technology and innovation-driven segments.
“Most importantly, the government must continue to commit to the highest level of efficiency and governance in ensuring the ease of doing business in the country,” it added. “This approach outlines the targeted and focused action plans across the sectors, known as horizontal strategies, instead of focusing on the vertical action plans of individual sectors,” it said in a note.
Source: Financial Digest (financialdigest.net)
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