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NewsEconomic Report 2013/2014: Mida approves RM220.5mil for 36 projects worth RM2.1bil
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Economic Report 2013/2014: Mida approves RM220.5mil for 36 projects worth RM2.1bil
by Cals Sat 26 Oct 2013, 21:10
Published: Saturday October 26, 2013 MYT 12:00:00 AM
Updated: Saturday October 26, 2013 MYT 9:34:13 AM
Economic Report 2013/2014: Mida approves RM220.5mil for 36 projects worth RM2.1bil
THE RM1bil Domestic Investment Strategic Fund was launched on July 3, 2012 to accelerate the shift of Malaysian companies to high-value added, high-technology, knowledge-intensive and innovation-based industries.
The fund aims to harness and leverage outsourcing opportunities created by multinational corporations operating in Malaysia, intensify technology acquisition by Malaysian-owned companies, and enable Malaysian-owned companies to obtain international standards and certification in strategic industries.
The promoted sectors under this fund include aerospace, medical devices, pharmaceutical, advanced electronics, machinery and equipment, renewable energy and services, including research and development, testing, quality and standards certification, engineering services technical and skills training, and logistics services.
As of July 19 this year, the Malaysian Investment Development Authority (Mida) has approved a total RM220.5mil for 36 projects with investments worth RM2.1bil.
In terms of industry, the breakdown is as follows: electrical and electronics (10), services (eight), transport (five), life sciences (four), machinery and advanced engineering (three), research and development (three), ICT (two) and wood-based (one).
Updated: Saturday October 26, 2013 MYT 9:34:13 AM
Economic Report 2013/2014: Mida approves RM220.5mil for 36 projects worth RM2.1bil
THE RM1bil Domestic Investment Strategic Fund was launched on July 3, 2012 to accelerate the shift of Malaysian companies to high-value added, high-technology, knowledge-intensive and innovation-based industries.
The fund aims to harness and leverage outsourcing opportunities created by multinational corporations operating in Malaysia, intensify technology acquisition by Malaysian-owned companies, and enable Malaysian-owned companies to obtain international standards and certification in strategic industries.
The promoted sectors under this fund include aerospace, medical devices, pharmaceutical, advanced electronics, machinery and equipment, renewable energy and services, including research and development, testing, quality and standards certification, engineering services technical and skills training, and logistics services.
As of July 19 this year, the Malaysian Investment Development Authority (Mida) has approved a total RM220.5mil for 36 projects with investments worth RM2.1bil.
In terms of industry, the breakdown is as follows: electrical and electronics (10), services (eight), transport (five), life sciences (four), machinery and advanced engineering (three), research and development (three), ICT (two) and wood-based (one).
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