[MITI] New Industrial Master Plan (NIMP) 2030 To Catalyse Malaysia’s Next Economic Take-Off
By marcom@micci.com
Sep 1, 2023
The New Industrial Master Plan 2030 (NIMP 2030) was launched by the Prime Minister, YAB Dato’ Seri Anwar Ibrahim, at the Ministry of Investment, Trade & Industry (MITI) on 1st September 2023. The NIMP 2030 is the fourth edition of the Industrial Master Plan (IMP). Its markedly different mission-based approach compared to earlier IMPs is set to transform Malaysia’s manufacturing sector by ensuring broad-based growth, in alignment with the MADANI Economy’s vision and objectives. Through strategies such as increasing economic complexity, strengthening domestic industrial linkages, and positioning Malaysian industries higher in the global value chain, NIMP 2030 targets to build Malaysia’s industrial capacity and resilience for long-term, sustainable growth.
Through its Mission-based Approach, the NIMP 2030 has identified four key Missions:
Mission 1: Advance economic complexity
Mission 2: Tech up for a digitally vibrant nation
Mission 3: Push for Net Zero
Mission 4: Safeguard economic security and inclusivity
These Missions will be supported by four Enablers to achieve the NIMP 2030 Goals:
Enabler 1: Mobilise financing ecosystem
Enabler 2: Foster talent development and attraction
Enabler 3: Strengthen best-in-class investor journey for ease of doing business
Enabler 4: Introduce whole-of-nation governance framework
To read MITI’s official statement, please click on this link : https://drive.google.com/file/d/1mmyIOb7FSadgO_XJOV3sEqtLU2jq4Xjh/view?usp=sharing
For more informations, please read the NIMP 2030 Summary Booklet by clicking on this link : https://drive.google.com/file/d/1jZRgcPnPEBMVTSJvK3IdRMkrv1Oov57D/view?usp=sharing