Malaysia Launches New Funds to Drive Automation, Digitalisation, and Sustainable ESG Practises
MIDA is proud to announce the launch of new funding facilitation initiatives aimed at catalysing Malaysia's industrial growth and fostering economic development.
These initiatives include the Domestic Investment Accelerator Fund (DIAF), the MADANI Smart Automation Grant (SAG MADANI) and the Foreign Investment Accelerator Fund (FIAF), which are set to play a pivotal role in advancing Malaysia's economic landscape.
Minister of Investment, Trade and Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Aziz, emphasised, “The realisation of the New Industrial Master Plan 2030’s vision to transform Malaysia’s industry – characterised by innovation, technology and economic complexity – requires strong enablers, one of which is funding. To that end, MIDA’s newly launched funds are among the first concrete steps to support our industries in upgrading their capacity for higher value economic activities and facilitating knowledge transfer from foreign investors to domestic companies.
To find out more about the initiatives, follow the link HERE.
Image Source: The New Straits Times