Wish list for the New Industrial Master Plan 2030

While Malaysia’s NIMP2030 may set out ambitious goals in the form of targets that it intends to achieve, it will likely need the support of the government to make it a reality. — Bloomberg

THE New Industrial Master Plan 2030 (NIMP2030), to be launched next month, is expected to propel the Malaysian economy to the next level with a focus on five key sectors that the government believes will drive industrial development and increase the nation’s economic complexity.

According to the Investment, Trade and Industry Ministry (Miti), the five key sectors identified under the NIMP2030 are aerospace, chemical/petrochemical, digital economy, pharmaceuticals, and electrical and electronics (E&E), which also includes medical devices.