MIDA, MEIF Sign MoU To Strengthen Machinery, Engineering Ecosystem
KUALA LUMPUR, Oct 2 (Bernama) -- The Malaysian Investment Development Authority (MIDA) and the Machinery and Engineering Industries Federation (MEIF) have signed a memorandum of understanding (MoU) to strengthen the machinery and engineering ecosystem.
In a joint statement today, both parties said the collaboration underscores the need for the government and private sector to work together in strengthening the industry.
“MIDA and MEIF will establish a structured platform for collaboration to deliver on the ambitions of the New Industrial Master Plan (NIMP) 2030 and Malaysia’s domestic investment agenda.
“The partnership will prioritise ecosystem development, technology adoption, sustainability, investment facilitation, and stronger linkages between industry, government and research institutions,” said the statement.
MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said Malaysia’s machinery sector remains fundamental to the manufacturing base, and the collaboration with MEIF would help drive the sector’s next phase of growth.
“We are seeing encouraging signs that Malaysian small and medium enterprises (SMEs) are ready to embrace advanced technologies, and what they need is structured support to compete effectively in high-value global supply chains.
“Through this partnership, we can build on the sector's existing strengths while equipping our engineers and technicians with the capabilities demanded by global markets,” he said.
Sikh Shamsul emphasised that aligning industry expertise with government resources would help Malaysia’s machinery and engineering sector attract a greater share of regional manufacturing investment, as companies look for reliable suppliers closer to key markets.
MEIF president Mac Ngan Boon said the MoU marks an important step in strengthening the role of the machinery and engineering industry in Malaysia’s growth.
“For decades, our industry has contributed quietly but significantly to the nation’s growth, and today we are called to deepen local supply chains, embrace new technologies and prepare our SMEs to compete on a global stage.
“With MIDA as a strategic partner, MEIF is confident that we can help position Malaysia’s machinery and engineering industries as a pillar of industrial transformation under the NIMP 2030,” he said.
-- BERNAMA