KUALA LUMPUR, Oct 16 -- Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz addressing the Roundtable Dialogue of the New Industrial Masterplan 2030: Curating Malaysia's Sustainable Investment and Growth at a hotel in Kuala Lumpur yesterday. BERNAMAPIX: Budget 2024’s allocation of RM200 million to catalyse the New Industrial Master Plan 2030 will boost industrial transformation, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
“We are going to break it down to the two funds in the forms of grants and matching grants, and in terms of support for financing. But more importantly, we also want to ensure we attract the right kinds of investments,” he said during the BFM’s Breakfast Grille interview this morning. The industrial plan suggests integrating value chains, particularly between the machinery and equipment sector and the medical device sector, as well as between the chemical and pharmaceutical sectors.
“So, it’s a major contribution to the gross domestic product as well as exports. In fact, about 80 per cent of the nation’s exports are from the manufacturing sector,” he said.
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