Spare no effort in implementing NIMP 2030, says MCA veep

MCA vice president Datuk Lim Ban Hong. - Filepic/The Star

PETALING JAYA: The recent launch of the New Industrial Master Plan (NIMP) 2030 by the Prime Minister is a welcome move and the government agencies concerned should step up their efforts to execute it, says MCA vice president Datuk Lim Ban Hong.

"This would enhance the productivity and global competitiveness of local enterprises," he said in a statement on Thursday (Sept 7).

Lim said the execution of NIMP 2030 strategies was of paramount importance as many policies with good intentions often fail due to inadequate implementation.

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"Having served as the deputy trade and industry minister from 2020 to last year, I participated in the drafting of NIMP 2030.

"We strove to enhance the local manufacturing and service sectors for the application of Industry 4.0 and green technology.

"Without any doubt, I believe that NIMP 2030 is moving ahead with the correct strategy. Irrespective of which political party (is in) power, it must be resolutely implemented," he added.

He said this was important to upgrade the nation's industries and economic resilience to accelerate economic recovery in the post-pandemic period.

He outlined three ways to enhance the implementation of NIMP 2030.

Firstly, cooperation and coordination between ministries should be expanded while red tape and bureaucracy are reduced.

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This, he said, would help attract more high-quality foreign investment into Malaysia.

"The second would be regular dialogues and exchanges with stakeholders in the business community such as major chambers of commerce and foreign investment representatives, to (review existing policies) and for the formulation of new policies.

"Lastly, enhance Federal-state government relations as states have differing positions and location advantages.

"Putrajaya needs to strengthen the coordination mechanism with the relevant state governments to fully implement NIMP 2030 to benefit local communities," he said.