Government assists industry players to embrace Industry 4.0 - News Summed Up

Government assists industry players to embrace Industry 4.0


KUALA LUMPUR: The government is aggressively undertaking various efforts to assist industry players in embracing Industry 4.0 through the adoption of automation and smart manufacturing. As at October 2017, MIDA has approved a total of 71 applications of which two applications approved were from Sabah. In the recent Budget 2018, the government highlighted several new incentive packages to accelerate the growth and adoption of smart manufacturing and Industry 4.0 in Malaysia. More than 200 industry players attended the one-day programme, which was part of MIDA’s continuous efforts to update the industry players especially in East Malaysia on the latest policies and facilities that are available. It also featured two plenary sessions moderated by Federation of Malaysian Manufacturers (FMM) and Persatuan Usahawan Maju Malaysia (PUMM) and key speakers from MIDA, Malaysia External Trade Development Corporation (MATRADE), SME Corporation Malaysia (SME Corp), Halal Industry Development Corporation (HDC), Small Medium Enterprise Development Bank Malaysia (SME Bank), Malaysian Industrial Development Finance (MIDF), and Credit Guarantee Corporation (CGC).


Source: New Strait Times December 07, 2017 06:45 UTC


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