Malaysian manufacturers are NOW investing in the new technologies and processes to increase productivity. We invite you to a business delegation where you will meet with decision makers in the manufacturing companies that see the urgency to improve their production processes and increase productivity as well as government authorities and financiers that support productivity incentives programs for SMEs.
“I believe that Sweden and Swedish innovative solutions will help Malaysia to reach developed nation status by 2020. We will support projects with high impact on innovation and increased productivity.”
YB Senator Dato’ Sri Abdul Wahid bin Omar, the Minister in the Prime Minister's Department in charge of Economic Planning.
The favourable business environment in Malaysia has made the country one of the world's top manufacturing destinations, attracting more than 5,000 foreign companies from over 40 countries. The main drivers for choosing Malaysia as a manufacturing hub was the low cost of running operations, primarily accessibility of cheap labour and low energy costs.
However, in recent years manufacturers are struggling with rising costs due to impositions of a minimum wage policy as well as reduction in energy subsidies. To cope with this, manufacturers are now investing in new technologies and processes to increase productivity and maintain their competitive edge.
Malaysia has the goal of becoming a developed nation by 2020. To achieve this, Malaysia has the vision of moving from labour intensive manufacturing to value added manufacturing and strengthening Malaysia’s position as the manufacturing hub in South East Asian markets which are becoming more integrated over the years.
For further information about the delegation, please contact: