PRIME Minister Anwar Ibrahim today launched the New Industrial Master Plan 2030 (NIMP 2030), which aims to transform Malaysia into a high-tech industrialised nation.

Unlike the previous industrial transformation plan and three master plans since 1986, Anwar says NIMP 2030 will adopt a mission-based approach.

He said NIMP 2030 is a horizontal policy with well-defined missions that will galvanise not only the entire manufacturing ecosystem but also the whole of nation to drive industrial transformation and realise Malaysia’s vision.

“With a short window of seven years, NIMP 2030 must take a transformative and expeditious approach to achieve the goals. Based on rigorous assessments and extensive consultations, four missions have been formulated to drive industry transformation on a large scale,” the prime minister said in his speech at the launch of the plan in Kuala Lumpur today. 

The four missions are advancing economic complexity, embracing technology for a digitally vibrant nation, pushing for net-zero carbon emission, and safeguarding economic security and inclusivity. 

These missions will be supported by four key enablers to overcome systemic and institutional challenges, he said. 

“These enablers include addressing financing challenges, nurturing talent development and acquisition, improving the investor journey, and enhancing governance mechanisms. 

“To provide the impetus for immediate roll-out of NIMP implementation, several mission-based projects (MBPs) have been identified,” said Anwar. 

He added that these ground-running projects are expected to accelerate the development of an inclusive ecosystem that integrates small and medium enterprises (SMEs) into the value chain and rally the entire industry. – Bernama, September 1, 2023.