SUBANG, March 8 (Bernama) -- Local authorities need to collaborate with the private sector to establish new business models for the development and maintenance of industrial parks to attract both local and international investors.
Malaysian Investment Development Authority (MIDA) Chief Executive Officer, Datuk Azman Mahmud, said the new business models could be game changers for the country's industrial parks by creating conducive business environments which could attract more investments.
"If the investors see that our industrial park is not well maintained, it would give the impression that our country is not up to the mark (for them to invest in). That is why it is crucial to develop a new business model.
"When we have good business facilities, good government policy, more friendly government-to-business interactions, it would create an enabling environment for investors," he told reporters at the 'Industrial Park Forum for the Central Region' here today.
Azman said the facilities that should be added and improved included maintenance services, security, data centre and technological upgrades and improving the existing utilities.
"There are many areas for collaborations with the private sector in the development of new business models for the local authorities to implement," he said.
Meanwhile, Second International Trade and Industry Minister, Datuk Seri Ong Ka Chuan, said the federal government has proposed that local councils in the states set up a centralised data bank for the industrial parks.
"The purpose is to manage the condition of the industrial parks internally, which would allow immediate action to be taken whenever necessary and to provide information to external investors wishing to invest in our industrial parks," he said.
He said that among other things, potential investors could thus obtain information on the industrial parks in Malaysia, in terms of maintenance, availability of industrial lands and utility rates.
The one-day forum, organised by MIDA and the Federation of Malaysian Manufacturers, attracted over 200 participants representing the entire spectrum of relevant stakeholders - local authorities, park developers and managers, utility companies, manufacturers and potential investors.
The forum, themed 'Strengthening The Manufacturing Ecosystem', is the first of its series and many more would be held nationwide throughout the year.