DEPUTY Investment, Trade and Industry Minister Liew Chin Tong said the New Industrial Master Plan (NIMP) 2030 will contain ideas to drive the future of the industrial sector.

Liew said he hopes the plan, which will be launched soon by Prime Minister Anwar Ibrahim, will attract domestic and foreign direct investment to the sector.

He said this at a media conference after launching the Infinity8 Reserve Mid Valley Southkey co-working space in Johor Bahru today.

NIMP 2030 is a framework to transform the country’s industrial sector.

Liew said the National Investment Council (NIC) decided to make domestic direct investment (DDI) a key performance indicator for his ministry and its agencies, and said this was among Anwar’s priorities to reduce the country’s dependence on foreign direct investment (FDI).

He said he and Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz welcomed Anwar’s decision to give attention to DDI to expand total investment in Malaysia.

After chairing an NIC meeting last week, Anwar said the government set DDI as a key performance indicator, given that strategic DDI has the potential of attracting more FDI.

“(This is) because foreign investors usually view DDI as a benchmark for domestic investors’ confidence and commitment towards government policies to strengthen the nation’s investment and business landscape,” he said in a statement. – Bernama, August 27, 2023.