KUALA LUMPUR: The government, through the East Coast Economic Region Development Council (ECERDC) will be establishing the first Asean Competency Centre at the Pahang Technology Park (PTP) as part of Malaysia’s strategy to accelerate its readiness for the 4th Industrial Revolution (Industry 4.0). "The partnership, which leverages German expertise, will also help transform the East Coast Economic Region (ECER) from an input-driven economy to a productivity-driven economy," it said. Under the MoUs, ECERDC together with a local university and German-based TUM will be establishing the ASEAN Competency Centre to steer efforts to further upskill the local talent pool while at the same time drive knowledge and innovation-based activities for industries. "The establishment of the Asean Competency Centre at PTP is a significant step forward for ECER as it will help accelerate the socio-economic transformation of the region to become a knowledge-based economy and high-income region. "The Asean Competency Centre will also act as a matchmaking platform for organisations and a venue for students to organise start-up events or gain access to angel investors or venture capital," it added.

Source: New Strait Times November 19, 2017 12:00 UTC