MIDA To Help SMEs Gain Access To Global Market

22 Nov 2017

The Malaysian Investment Development Authority (MIDA) aims to create opportunities for small and medium enterprises (SMEs) to access the global market and encourage multinational corporations (MNCs) to utilise local products and services.Deputy Chief Executive Officer, Datuk N. Rajendran, said the strong presence of MNCs and large local corporations in Sarawak which had made significant investments in the state hold promise for business collaboration and opportunities within the region.

“Sarawak is certainly one of the many appealing investment destinations within Malaysia and to date, a total of 745 manufacturing projects with investments worth RM71.2 billion have been implemented in the state,” he said in a statement here.

He said this during the Supply Chain Conference for Sabah and Sarawak held in Kuching today.

MIDA has earlier organised four supply chain conferences in various regions in Malaysia, focusing on the respective region’s economic strengths.

“With this initiative, which definitely will continue in the future, we hope that more local players would be able to build up their capacities by integrating themselves into the MNC’s supply chain,” he said.

He added that the SMEs also needed to raise their efficiency levels, strengthen inter-firm linkages and respond timely to market changes in order to remain relevant and competitive.

Source: Bernama