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BUSINESS

MDEC teams up with public, private institutions to prepare next generation digital farmers

29/11/2021 06:50 PM

KUALA LUMPUR, Nov 29 -- The Malaysia Digital Economy Corporation (MDEC) is working with the public and private institutions through its premier digital tech universities and polytechnics, known as Premier Digital Tech Institutions (PDTIs), by embedding industrial and fourth industrial revolution (4IR)-related training programmes to prepare the next generation of digital farmers.

In a statement today, MDEC said it has enhanced cooperation with global digital agriculture technology (AgTech) brands such as Trapview, AgDraft, EarthSense, Trace, AgriWebb and Soft Robotics in AgTech promotion, investment, training, incorporating 4IR technology and knowledge transfer.

Senior vice president, investment and brand and chief marketing officer Raymond Siva said the AgTech ecosystem that MDEC is building encompassed a robust talent pipeline, conventional and alternative financial options and knowledge-sharing from global AgTech players.

“This not only benefits the agriculture industry by opening the gateway for digital transformation but also creates fertile grounds that is ripe for AgTech investments.

“For the Digital AgTech ecosystem to thrive, it requires the involvement of local and foreign players,” he said.

He said MDEC understand the challenges faced by investors in emerging technology areas such as AgTech and has taken various strategies to address their concerns and implement targeted approaches to bring digital AgTech investments into the country.

According to MDEC, AgTech formed one of the five industry sectors identified as key drivers of the digital economy under MDEC’s “Digital Investments Future5” (DIF5) Strategy, which is a five-year plan focusing on five key thrusts aimed at attracting investments and advancing Malaysia’s digital economy following the Twelfth Malaysia Plan (12MP).

Among other goals, it said DIF5 targeting RM50 billion investments in the digital economy and attracting 50 Fortune500 tech companies to land and expand in Malaysia, in line with the goals set forth by the Malaysia Digital Economy Blueprint (MyDIGITAL).

It added that MDEC is also working with the Malaysia Investment Development Authority (MIDA) to introduce the Digital Investments Office (DIO), a fully digital platform serving as a single window to coordinate and facilitate all digital investments, making it easier and more convenient for investors to submit their investment interest.

-- BERNAMA


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