NIMP 2030’s RM200mil funding to facilitate shift

Tengku Zafrul said the allocation will be channelled through two funds.

PETALING JAYA: Budget 2024’s allocation of RM200mil to catalyse the New Industrial Master Plan (NIMP) 2030 will boost industrial transformation, says Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

The government recently announced an allocation of up to 10% from the future investments under the NIMP 2030 as a catalyst to accelerate the NIMP mission with a 2024 startup fund amounting to RM200mil.