Higher targets: The export contribution of MSMEs is expected to increase at an average rate of 2% to 2.5% annually.
THE Entrepreneur Development and Cooperatives Ministry (Medac) is targeting micro, small and medium enterprises (MSMEs) to increase their contribution to gross domestic product (GDP) at an average rate of 1% to 1.5% annually.
Its Minister Tan Sri Noh Omar said the target was projected based on the latest status of the recovery phase nationwide, namely in phases three and four. Under the 12th Malaysia Plan (12MP), the contribution of MSMEs to GDP has been set at 45% in 2025.
