A TOTAL of South Korean small- and medium-scale industries (SMIs), with a combined investment of RM125.4mil, are relocating in Lumut this year under a SMI relocation programme promoted and facilitated by Global Technology Industrial Park (GTIP) Sdn Bhd.
Representatives of the first batch of seven companies recently signed a memorandum of understanding (MoU) with GTIP in Pantai Remis, witnessed by Housing and Local Government Minister Datuk M. Kayveas.
The SMIs, mainly involved in manufacturing components, are each expected to spend RM5.2mil to purchase land for their factories.
Under the programme, GTIP would be responsible to organise and facilitate support services and vendors such as business advisory, information technology (IT) management services, logistics and market services, technical and engineering services, and human resources management services for the SMIs once they have set up their factories.
GTIP chief executive officer Arifen Kendut said the first seven companies to be relocated were dealing with the manufacturing of gypsum boards, technology development, and plant engineering, steel production, factory automation system, computer and electrical system, conveyor system and water treatment and purification.
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