KUALA LUMPUR, Aug 22 — The New Industrial Master Plan (NIMP) 2030 is set to be presented to the Cabinet tomorrow for approval, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
After being briefed on the plan at the Ministry of Investment, Trade and Industry (Miti) earlier today, Prime Minister cum Finance Minister Datuk Seri Anwar Ibrahim agreed for the plan to be tabled by the end of the month.
The Prime Minister, who was briefed on the NIMP 2030 by Tengku Zafrul for more than half an hour, also shared his input with the team who were involved in the preparation of the plan.
“The outcome of the briefing will be presented to the Cabinet tomorrow,” Tengku Zafrul told reporters after accompanying Anwar in looking at the final preparations for the plan.
Also present were Economy Minister Rafizi Ramli, MITI Deputy Minister Liew Chin Tong and Treasury Secretary-General Datuk Johan Mahmood Merican.
The NIMP 2030 is a comprehensive framework covering the mission, priority and action plan to transform the country’s industrial sector.
According to a statement, the NIMP 2030 is a joint effort by various ministries and stakeholders to improve the Malaysian industry’s position in the global value chain.
The national initiative aims to transform the industrial sector to help Malaysia achieve higher economic complexity; aggressive digitisation/automation efforts; zero-carbon goals and a more equitable and inclusive economy.
“This, in turn, will enhance our industries’ operational and environmental, social and corporate governance (ESG) capacity to make Malaysia more competitive in terms of attracting investments, with positive spillover effects to the economy.
“This is especially in terms of improving the position of Malaysian small and medium enterprises (SMEs) in the global value chain and providing higher paying jobs for the people,” Miti said.
It added the plan will catalyse more sustainable and inclusive economic growth and transform Malaysia into a high-income country.
— Bernama
