National Investment Aspirations set to attract strategic investments – PM

By , in Nation on .

KUALA LUMPUR, Nov 3  — The Ministry of International Trade and Industry (MITI) is drafting the new National Investment Aspirations (NIA) to attract strategic investments with high-value economic impact, to ensure that Malaysia remains relevant as a trade partner and preferred investment destination.

“This will support and promote the integration between local industries and supply chains regionally and globally,” Prime Minister Datuk Seri Ismail Sabri Yaakob said at the Industry Excellence Award 2020 organized by MITI.

Ismail Sabri said the government realizes that if Malaysia wants to have better access to the international markets especially the United States and European Union, the products exported must comply with the predetermined environmental, social, and governance (ESG) standards.

In that regard, he said, the government will strengthen the ESG-based approach in line with the sustainable and green growth agenda.

investment

“We will be left behind if we adopt a lackadaisical attitude and procrastinate in efforts to incorporate the ESG elements,” he said. 

The prime minister also said he is proud of the effectiveness and impact of the Public-Private Partnership COVID-19 Industry Immunisation Programme (PIKAS) coordinated by MITI.

PIKAS, he said, has contributed significantly to government efforts to boost industry workers’ immunization and reduce the risk of workplace clusters forming.

Ismail Sabri said the government appreciates the industry’s cooperation to ensure the success of the vaccination program as a means to increase protection and prevention.

In that regard, the prime minister said, he and the Cabinet members are committed to sustaining the economic recovery agenda for the well-being of the Malaysian Family (Keluarga Malaysia).

Meanwhile, Senior Minister and MITI Minister Datuk Seri Mohamed Azmin Ali said his ministry will continue to strengthen the country’s economic fundamentals through the implementation of trade and investment policies that are open, transparent, and business-friendly.

“This includes efforts that are being undertaken by the government to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and Regional Comprehensive Economic Partnership (RCEP).

“The government will continue to target high quality, advanced technology-oriented investments that can generate job opportunities for the Malaysian Family guided by the NIA,” he said in his welcome address at the event.

The Industry Excellence Award is organized once every two years to recognize companies that demonstrate excellent performance and to encourage companies to continue improving the products and services offered.

NMT

Recommended articles