KUALA LUMPUR: Malaysia’s rubber glove exports grew by 50.1% to RM15.06bil for the January-July 2020 period from RM10.03bil in the same period last year.
The growth was driven by higher demand and the government’s efforts to assist the rubber gloves industry, said Deputy International Trade and Industry Minister Datuk Lim Ban Hong.
“Global demand for rubber gloves is estimated at 330 billion units for 2020, and Malaysia’s production for the export market is estimated at 220 billion units, which is 67% of the global demand.
“This is a good opportunity for our country to strengthen the brand and confidence towards Malaysian products internationally, ” he told the Dewan Negara.
He was replying to Idris Ahmad (PAS) on the government’s efforts and action taken to leverage opportunities offered by the booming rubber gloves manufacturing and production industry during the Covid-19 pandemic.
Lim said the government has encouraged rubber glove industry players to reinvest or make additional investments to leverage the opportunities.
“Under the National Economic Recovery Plan, the government has introduced the special reinvestment allowance incentive scheme that aims to encourage reinvestments and additional investments. The scheme is applicable for assessment years 2020-2022.”
He said the government is also encouraging the incorporation of automation and high technology in the manufacturing sector, including the rubber gloves industry, by offering the automation capital allowance incentive for the labour-intensive manufacturing sector. — Bernama
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