Prepare to innovate, manufacturers told
27 Jan 2025
MANUFACTURERS are urged to be open to transformation and adopt new technologies to keep up with market demands, especially with the implementation of the Johor-Singapore Special Economic Zone (JS-SEZ).
South Johor Foundry and Engineering Industries Association president Lim Kok Kiong said industry players must be ready to take on new, inevitable challenges now that the joint agreement had been signed by Malaysia and Singapore.
“Alongside challenges, the industry will face new opportunities, especially in semi-conductor and high-end manufacturing fields.
“The opportunities include attracting high-volume investments, establishing strategic partnerships with Singapore and international companies, expanding export opportunities and nurturing skilled talents to help the industry grow and keep up with market demands,” he said.
As for challenges, Lim said the industry should also look out for a difference in regulation and industry standards between two countries, which could affect cross-border cooperation.
“Our association has come up with a strategic plan, which includes formulating industry development strategies, market segmentation and strengthening our cooperation with the government in order to create favourable conditions for the industry’s participation in the JS-SEZ,” he said.
“We have also suggested collaborations with infrastructure projects related to the JS-SEZ, especially in the manufacturing of semi-conductors and precision equipment to help local firms improve their standards.”
He added that the association had always encouraged industry players to adopt technologies such as robotic automation, artificial intelligence and the Internet of Things to improve production and efficiency.
Lim said industry players were also encouraged to implement green initiatives to meet international standards for environmentally friendly products.
“The association will hold a meeting with our members soon to discuss the latest developments under the JS-SEZ and related plans.
“This is to provide them support and help them seize available opportunities,” he added.
On Jan 7, Prime Minister Datuk Seri Anwar Ibrahim and his Singaporean counterpart Lawrence Wong witnessed the exchange of the joint JS-SEZ agreement, which took place during the 11th Malaysia-Singapore Leaders’ Retreat in Putrajaya.
Real Estate and Housing Developers’ Association (Rehda) Johor branch chairman Lindy Tan said the JS-SEZ would create exciting opportunities, especially in the property sector.
“With the anticipated influx of investments, there will be a natural rise in demand for top-tier infrastructure, housing and commercial spaces.
“This is a chance for developers, policymakers and private stakeholders to work together to ensure that growth is not only rapid but also sustainable and inclusive,” she said.
Tan said the signing of the agreement also marked a new chapter in strengthening the state’s position as a key regional hub for investment, innovation and sustainable growth.
“I am heartened by the commitment of both governments to upgrading Johor’s public transport system and introducing meaningful incentives for businesses and residents.
“These efforts will not only boost the zone’s appeal to investors but also significantly improve the quality of life for the people of Johor.”
Tan also said Rehda Johor was ready to support the initiative by engaging with all stakeholders to help shape the future of the JS-SEZ.
“Together, we can ensure that this project becomes a long-term success story, driving innovation, economic prosperity and development for Johor and the region as a whole,” she said.
Source: The Star
