THE SMI Association of Malaysia is organising its second annual SMI Recognition Award Series 2003 to recognise the achievements of small- and medium-sized industries (SMIs) and small-and medium-sized enterprises (SMEs) in Malaysia.
Health Minister Datuk Chua Jui Meng and organising chairman for the SMI Recognition Award Series 2003, said the SMI Association hoped to encourage further the development of Malaysian SMIs by publicly recognising their efforts and achievements.
Speaking at the launch of the awards in Petaling Jaya yesterday, Chua said: the manufacturing sector has always played a pivotal role in any nation's march towards industrialisation in the 21st century.
The government provides the infrastructure, the banks supply the funding while big manufacturers invest in land and equipment engines to drive the industrialisation process.
That is often big picture scenario, said Chua who witnessed the signing of a memorandum of understanding between the SMI Association and Sin Chew Daily for the awards.
When one delved deeper into the industrialisation process, however, he said one would find that often it was the SMIs that provided the nuts and bolts, and screws and gears, to ensure all parts of the industrialisation engine were running smoothly.
Unfortunately, much of the pioneering efforts and hard work of these SMIs had gone unnoticed and unappreciated as the country forged ahead in its industrialisation drive, he said.
Such recognition awards will not only help reinforce the product branding of these SMIs in the global market place but also raise their overall intellectual property value substantially, he added.
For this year, the SMI Association of Malaysia in collaboration with its four sister associations in Taiwan have agreed to present four new awards for SMIs with turnover below RM25mil and SMIs with turnover below RM50mil.
The four new awards are Best Overall SMI, Emerging SMI, Export Excellence and Information Communications and Technology (ICT) Adoption. The two existing awards are the SMI Achievers Award and Friends of SMI Award.
On the collaboration with Taiwan, Chua said Taiwanese SMEs were renowned for their product innovation, robust exports, price competitiveness and high quality the world over.
In fact, Taiwan SMEs are so successful that their country has been nicknamed as the Kingdom of SMEs by the international business community, he added.
To ensure the international credibility and prestige of these awards, the organisers have appointed an independent auditor, Horwath International to set the criteria and accounting standards for nomination and selection.
A selection committee comprising of corporate and business personalities of impeccable credentials would be formed to handle the final selection of winners. The selection committee is headed by Datuk Seri Megat Najmuddin Megat Khas, who is chairman of the Federation of Public Listed companies in Malaysia and Malaysian Institute of Corporate Governance.
Only deserving candidates for the various SMI Recognition Awards can be nominated through the various associations, professional bodies, chamber of commerce and business guilds to ensure only the best is selected.
Nominations for the SMI Recognition Awards 2003 opened yesterday and closes on July 31. The various category winners would be announced on Sept 1.
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