13MP Strategic Plans To Boost HGVH Industries, Strategic Sector Growth

By Siti Radziah Hamzah

KUALA LUMPUR, July 31 (Bernama) -- The government will vigorously implement key strategic plans within the 13th Malaysia Plan (13MP) framework to boost growth in high-growth, high-value (HGHV) industries and key strategic sectors.

Prime Minister Datuk Seri Anwar Ibrahim said these strategic plans, namely the New Industrial Master Plan 2030 (NIMP 2030), the National Energy Transition Roadmap (NETR), and the National Semiconductor Strategy (NSS), will stimulate inclusive and sustainable economic growth 

Anwar said that, for the first time, Malaysia will establish a more innovative electricity market system based on the true cost of power generation, including renewable energy (RE).

He said this initiative will create opportunities for more industry players to participate and compete in a healthier and more transparent manner.

The Prime Minister said that the government will also consider nuclear energy as a competitive and safe clean energy source.

Anwar, who is also the Finance Minister, said that the momentum of Malaysia’s position as the world’s sixth-largest semiconductor exporter will be optimised through the implementation of the High Value-High Technology Semiconductor Industry Flagship project, targeting electrical and electronic (E&E) product export values to reach RM1 trillion by 2030.

In 2024, Malaysia contributed over RM600 billion to global E&E product export value.

“The National Semiconductor Strategy focuses on the development of integrated circuit design, semiconductor manufacturing equipment, advanced packaging, and front-end processes,” he said when tabling the 13MP in the Dewan Rakyat today.

Anwar said that the synergy between local companies and global semiconductor firms, such as Amazon Web Services, Google, and Infineon Technologies, along the value chain, will also be further strengthened to accelerate the industry’s transition to producing more complex and higher-value semiconductor products.

According to the Prime Minister, the government targets an increase in the country’s installed capacity mix to 35 per cent by 2030, up from 29 per cent.

He said the transition to renewable energy (RE) will open up broader investment and growth opportunities for energy industry players.

Anwar noted that the public can generate renewable energy under the open grid access concept through the Community Renewable Energy Aggregation Mechanism (CREAM) Programme.

Furthermore, the National Energy Transition Facility Fund (NETF) and the Corporate Renewable Energy Supply Programme (CRESS) will accelerate investment in green energy, and private sector involvement will strengthen the entire sustainable energy value chain in the country.

“In line with NETR, battery energy storage systems (BESS), smart grids, and the power supply interconnection project from Sarawak to Peninsular Malaysia will enable more efficient integration of renewable energy across regions,” said Anwar.

The Prime Minister said that the hybrid floating solar-hydro initiative and the green hydrogen hub in Kenyir will be expanded as an integrated green energy model.

Meanwhile, the government will enhance the security of the existing energy supply through the construction of the Third Regasification Terminal Complex in the Lumut Maritime Industrial City (LuMIC), Perak.

Anwar said the government is also committed to accelerating the development of the rare earth elements (REE) industry in collaboration with state governments to strengthen the ecosystem and intensify activities throughout the value chain.

“REE resources will be prioritised for domestic use to build midstream and downstream industries. This effort is supported by talent development, modern infrastructure, comprehensive incentives, and more accurate resource mapping,” he said.

Carbon trading will be facilitated, including through the implementation of the National Carbon Market Policy, the Emissions Trading Scheme (ETS), and the provision of incentives for carbon credit projects.

Additionally, Anwar said carbon capture, utilisation, and storage activities will be intensified by incorporating them into the taxonomy of green investment and financing.

“A pilot carbon capture project in the iron and steel industry will be implemented in Kemaman, Terengganu,” he said.

Anwar added that the Malaysian Aviation Sector Decarbonisation Roadmap will be implemented, which outlines the development of infrastructure and the use of sustainable aviation fuel.

-- BERNAMA