All ears to gear up for new industrial revolution
Manufacturing industry key players and SMEs all around Johor had attended the Malaysian Industrial Development Finance (MIDF) I 4.0 & Automation Seminar at Trove Johor Bahru to get an overview and understand in depth of Industry 4.0 endorsed by the Federal Government.
The seminar held a discussion and informed participants about Industry4WRD Readiness Assessment, in order to be prepared for the Industry 4.0 transformation.
Sabariah Mohd Sofian, Director of Ministry of International Trade and Industry (MITI) Johor shared that the manufacturing sector has remained as the nation’s backbone for the economy with RM283bil contribution to GDP. She also stated that there is a rise in labour productivity and Malaysia is among the top South East Asia countries that dominates the top five locations globally for labour intensive manufacturing according to Cushman and Wakefield’s report. Therefore, implementing Industry 4.0 is just in time and tremendously necessary for the nation to accelerate its global position.
“To further enhance and value our customers, we are in the midst of setting up a business advisory unit to initiate sales force, facilities and provide enterprises services,” added MIDF’s Head of Development Finance Azizi Mustafa. The unit is targeted to be launched this month.
There are plenty of financial assistance and consultancy services that can be tailored to SMEs’ needs. For more information on loans and assistance offered by different bodies in accordance to Industry 4.0, visit these sites:
MIDF : http://www.midf.com.my/index.php/en/what-we-do-en/sme-financing
MITI : https://www.miti.gov.my/index.php/pages/view/industry4WRD
SJJP : http://www.sjpp.com.my/
