NSS and GIS key to move M’sia up the value chain
13 Sep 2024
Malaysia will be leveraging on the National Semiconductor Strategy (NSS) to build on its strengths in the back-end process and outsourced assembly and testing or Osat component of the global industry value chain, says Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
The Investment, Trade and Industry Minister said this is integral to the country’s advance towards higher-value activities such as integrated circuit design, advanced packaging and equipment manufacturing.
He was speaking at the Invest Malaysia 2024 (IM2024) in Hong Kong, which was hosted by stock exchange regulator Bursa Malaysia as part of the latter’s Invest Malaysia series for this year.
Tengku Zafrul, who officiated the event, said the NSS will sharpen the local semiconductor sector’s competitive edge, while the Green Investment Strategy (GIS) will be keyed to attract sustainability-themed investments in propelling the nation’s resilient growth.
He pointed out, “The Investment, Trade and Industry Ministry understands that investors – whether in industries or in our stock market – are looking for two key criteria: clarity of policies, and strength of implementation of those policies.
“Our efforts on both fronts appear to have paid off, judging from the 18% increase in approved investments for the first half of 2024, and the 12.7% rise in our equities market in the past year. Coupled with our strong economic fundamentals, Malaysia is fast becoming the preferred regional destination for high-quality investments under the Madani economy framework.”
Bursa Malaysia said in a statement yesterday the IM2024 in Hong Kong was focused on the investment opportunities available under the NSS and GIS.
Both strategies, the bourse added, are aimed at enhancing Malaysia’s long-term industrial resilience and sustainability, while positioning the country as a regional leader in green manufacturing and technology.
It said this would, in turn, make Malaysia a more competitive trading nation.
Source: The Star
