Manufacturing sector gains from NIMP 2030
22 Oct 2024
The Investment, Trade and Industry Ministry (Miti) is confident of achieving the first-year targets of the New Industrial Master Plan 2030 (NIMP 2030), having already fulfilled three of the main indicators set, according to its minister Tengku Datuk Seri Zafrul Abdul Aziz.
Following the launch of NIMP 2030 on Sept 1, 2023, the manufacturing sector’s value added to the gross domestic product rose by 4.7%, or RM4.2bil, in the second quarter of 2024 against the same period in 2023 while the number of jobs increased 0.9%, or 200,000, he said.
Meanwhile, the median salary for the sector improved by RM201, or 8.2% year-on-year, in the first quarter of 2024 compared with the same quarter last year.
Under NIMP 2030, Miti targets to hit manufacturing sector value added of RM587.5bil, the creation of 3.3 million job opportunities and an increase in median salary to RM4,510 by 2030.
“Nearly all key performance indicators have been met for 2024.
“There’s still a lot of work to be done, and while we still have five years to go, time is becoming shorter and the economic situation is getting more challenging,” he told the media after presenting the Miti Report for the third quarter of this year yesterday.
Source: Bernama
