KUALA LUMPUR: Malaysian Investment Development Authority (MIDA) has restructured and aligned itself to meet current and future needs of the country.
Deputy Chief Executive Officer, Datuk Azman Mahmud said on Saturday the authority has embarked on talent management to help industries with the human capital needs.
"We are transforming into an effective investment-promotion agency to compete and attract quality investment by establishing a division to service the investors' human capital needs.
"The Industry Talent Management Division was set up to facilitate the search for the right talent for companies," he said.
Azman said this after the signing of the memoranda of understanding with its talent partners at the Barisan Nasional Youth Job Fair 2013 here today.
MIDA signed the pacts with General Electric International Inc, UPECA Group of companies, Samsung SDI Energy (M) Sdn Bhd, National Aerospace & Defence Industries Sdn Bhd and Majlis Amanah Rakyat (MARA).
He said as Malaysia aspired to become a high-income nation by 2020, structural changes were being put in place to transform itself into nation that relied on high-skilled and innovative labour force.
"Our current focus is to attract quality investments from companies that provide high-income jobs to support this momentum," he said.
Meanwhile, General Electric Director of Growth Initiatives and Key Accounts, Azli Mohamed, said the company was happy to work with MIDA to bridge the talent gap and help it.
UPECA's Chief Operating Officer, Eugene Ang, said the signing of the pact with MIDA was timely considering the company's expansion and development plan.
MARA Deputy Director General (Education), Datuk Abd Rahim Abd Ghani, said the organisation helped produce 30 per cent of the skilled workers in Malaysia.
"We have about 331 learning institutions and we produced skilled workers from certificates to doctorate levels from various backgrounds," he said. - Bernama
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