Malaysia's Prime Minister, Dato’ Seri Anwar Ibrahim, unveiled Malaysia's New Industrial Master Plan 2030 (NIMP 2030) on 1 September 2023.
The New Industrial Master Plan 2030 (NIMP 2030) is a strategic initiative launched by the Malaysian government to revitalise the manufacturing sector and position Malaysia as a global leader in industrial development.
Here are the main objectives of the NIMP 2030:
Economic Complexity: The plan aims to increase the complexity and diversity of Malaysia's economy, thereby enhancing its resilience and competitiveness on the global stage.
Digitalisation: The NIMP 2030 emphasises the importance of digital transformation in the manufacturing sector. This includes adopting advanced technologies and digital solutions to improve productivity and efficiency.
Net-Zero Emissions: The plan is committed to achieving net-zero emissions in manufacturing. This involves implementing sustainable practices and green technologies to reduce carbon footprint.
Economic Security and Inclusivity: The NIMP 2030 aims to ensure economic security and inclusivity. This means creating an economic environment where wealth is equitably distributed among all segments of society.
Support for SMEs: The plan recognises the crucial role of small and medium-sized enterprises (SMEs) in the economy. It aims to support SMEs' growth and development, helping them scale up and compete in the global market.
Quality of Life and Job Opportunities: The NIMP 2030 aims to elevate the quality of life for the Rakyat (people) and create high-value job opportunities. This is expected to contribute to social well-being and economic prosperity.
Whole-of-Nation Approach: The implementation of the NIMP 2030 will involve a whole-of-nation approach, requiring significant investment and participation from the private sector.
In conclusion, the NIMP 2030 is a comprehensive plan to strengthen the manufacturing sector and contribute to national economic growth. The plan's success hinges on unity and commitment from all stakeholders, including the government, the private sector, and the people.
The Prime Minister, YAB Dato' Seri Anwar Ibrahim, expressed confidence in the plan's potential to elevate Malaysia's status as a regional economic powerhouse and ensure equitable distribution of economic wealth. He emphasised the government's commitment to ensuring the successful implementation of the NIMP 2030.