MIDA successfully organised a seminar on ‘Enhancing Competitiveness in the Machinery and Equipment Industry Towards Developing World Class Supply Chain’, at MIDA Sentral, Kuala Lumpur on 10 October 2023.

This seminar, graced by Ms. Lim Bee Vian, Deputy Chief Executive Officer (Investment Development) of MIDA, was more than just a gathering – it was a transformative journey.

This seminar carried a dual purpose, each as vital as the other.

Firstly, it aimed to elevate local Machinery and Equipment (M&E) companies to stand tall within the supply chain alongside multinational corporations (MNCs) and large local companies (LLCs). Secondly, it aimed to seamlessly integrate these companies into the supply chains of industry giants. With over 160 participants, the event was a convergence of wisdom, featuring industry leaders, government officials, and financial institution representatives.

Wisdom from Titans

One of the most anticipated segments of the seminar was the panel discussion on “Sourcing and Supply Chain Opportunities”. Esteemed speakers from leading M&E companies like Lam Research International, Cohu Malaysia, Genetec, and JF Technology took center stage. Moderated by Mr. Jeyasigan Nair, Executive Director of Investment Policy Advocacy (Services), these industry leaders shared their insights on sourcing and supply chain opportunities within Malaysia.

With the support of the Malaysia Productivity Corporation (MPC) and the Machinery & Engineering Industries Federation (MEIF), the seminar also featured a business consultation workshop. This platform allowed participants to engage directly with industry experts, creating opportunities for fresh partnerships and collaborations. With over 60 companies participating, this workshop proved to be an invaluable addition to the seminar.

MEIF presented a compelling perspective on “Capacity Building Towards Global Competitiveness”. Financial institutions like Hong Leong Bank and UOB Bank, along with MIDA, offered insights into available financing options and government facilitation. This comprehensive knowledge-sharing platform laid the groundwork for a dynamic transformation within the M&E industry.

A Unified Vision

This seminar exemplified the power of collaboration. It has set in motion a transformation of the M&E industry, making it more competitive and establishing a world-class supply chain in Malaysia.