Five new EPPs unveiled, expected to bring in RM22bil
KUALA LUMPUR: Five new entry point projects (EPPs) that are
expected to bring in RM21.68bil in incremental increase gross national income
(GNI), are introduced under the second phase of the electrical and electronics
(E&E) national key economic area (NKEA), coined
as “E&E 2.0”.
International Trade and Industry
Minister Datuk Seri Mustapa Mohamed said these new opportunities
would be positioned to cushion the impact of the expected slowdown in the
E&E 1.0 focus sectors.
“This focus will move the industry further up the value chain,
create more high-income jobs, GNI contribution
and attract more foreign direct investments into the country,” he told
reporters during the launch of E&E 2.0.
The new EPPs are systems for the solar photovoltatic industry;
embedded systems industry; electric vehicle component manufacturing;
maintenance, repair and overhaul services via component manufacturing in the
electric/ electrified railway industry and nanotechnology industry.
“Collectively, these five EPPs are projected to generate
RM21.68bil in incremental GNI and 68,600 jobs within the industry by 2020,” he
said.
The RM21.68bil would account for 40.6% of the RM53.4bil
incremental GNI targeted for the overall E&E NKEA by 2020. Meanwhile,
target for the total high and medium income jobs created was 157,000.
Last year, E&E NKEA registered RM48.5bil in GNI, which was
102% of the RM47.6bil targeted.
When the E&E NKEA was first introduced in 2010, there were only
15 projects.
Under the modernisation programme, there will be a total of 20 EPPs
under the more refined NKEA which were clustered into five key areas namely
manufacturing services/design, advanced materials, industrial/integrated
electronics, wafer technology and advanced assembly.
“E&E 2.0 will continue the basic strategy set out in E&E
1.0, but will seek to accelerate change especially in the downstream sector.
“It will also seek to re-balance some of the priorities we
established when we first launched the Economic
Transformation Programme,” he said.
The ministry along with other government agencies would encourage
local players to engage in higher value activities, support more design and
research development work to be undertaken locally and help the industry to
move to new segments that offer new business opportunities, he added.
Performance
Management and Delivery Unit E&E/ Innovation director Datuk Chris
Tan pointed out that the Malaysian investment Development
Authority had been granted initiatives to beckon domestic investors to grow the
sector.
Last year, the Government had launched a RM1bil domestic
investment fund to spur participation of local champions in targeted
industries.
Source: The Star
Date : 29 March 2013
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