KUALA LUMPUR: Networking equipment vendor Cisco has started an initiative with the Malaysian Investment Development Authority (Mida) that will further develop the US company’s manufacturing facilities in Penang.
According to Anne Abraham, managing director of Cisco Malaysia, the initiative involves Cisco working with local partners to support the manufacturing of its routing and switching technologies in the state for sale globally.
Mida has approved a human capability development grant for Cisco to use for the training purposes over the next three years. With the money, Cisco aims to equip about 1,000 Malaysians with skills necessary to work with its networking and switching technology.
Neither Mida nor Cisco would reveal the size of the grant.
Such technologies can help boost the adoption of broadband in Malaysia. “Our technologies are the foundation for the next-generation Internet and will set the pace for the growth of video transmission, mobile devices and new online services,” she said at a media briefing in Kuala Lumpur to announce the initiative.
The initiative is part of the development plans outlined in the country’s updated Economic Transformation Programme (ETP) that aims to transform Malaysia into a high-income nation by the year 2020.
According to the Statistics Department of Malaysia, the electronics and electrical sector is a strong contributor to the country’s economy. Last year, it accounted for 41% of total exports and created more than 520,000 jobs.
The updated ETP includes nine new projects that aim to encourage more development in the areas of electronics, oil, gas and energy, as well as tourism and education.
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