Malaysia’s Road to Industry 4.0
In Part 2 we covered early practical implementations and solutions along Malaysia’s road to full Industry 4.0 which were presented at the Industry 4.0, Demystify, Funding & Roadmap Conference at the Petaling Jaya Hilton on 30 April 2019, jointly organised by the Malaysian National Computer Confederation (MNCC) together with the Malaysia Productivity Corporation (MPC) and P2P Talent Development PLT (P2P).
In this 3rd and final part, we will look at available government and private funding options available to businesses which want to embark on their Industry4WRD journey.
“The main item in the Industry4WRD national policy is businesses readiness for Industry 4.0 and the government’s objective is to help small-to-medium enterprises achieve Industry 4.0 readiness, conduct pilot programmes so they can move forward and improve their productivity”, said Farez Amha Abdullah, Senior Deputy Director, Advanced Technology and R&D Division, Malaysian Investment Development Authority (MIDA).
“An important part of Industry4WRD is for companies to register online for assessment by an assessor appointed by MITI”, Farez added. The full assessment report costs RM7,000.
MIDA has a range of incentives to help various industries in their Industry4WRD journey and can provide them with a matching grant of up to 40% of the costs but they must first undergo a readiness assessment.
Industry Digitalisation Transformation Fund
“Henry Ford’s golden rule was to make the best quality cars at the lowest possible price and to pay his workers the highest possible wages, so in future, we must have high-skilled, not low-skilled workers”, said Ahmad Mochtar Hashim, Chief Business Officer, Bank Pembangunan Malaysia Bhd – a wholly government-owned bank through Minister of Finance Incorporated.
Update: 27 June 2019
Our 31st. Annual General Meeting will be held on Thursday 27 June 2019 at MNCC’s Secretariat Unit #916, Floor 9, Block A Lobby 3,Damansara Intan, 1 Jalan SS20/27 Petaling Jaya 47400 Selangor at 6.30pm.
The 2018 Annual Report and the 30th AGM minutes can be downloaded here. As a measure of going green no hard copy report will be distributed.
Update: 28 June 2019
Our 31st. Annual General Meeting which was held on Thursday 27 June 2019 had to be adjourned due to the lack of corum.
The adjourned meeting will be held on Thursday July 4 at 6.30pm.
The venue is MNCC’s Secretariat Unit #916, Floor 9 Block A, Lobby 3 Damansara Intan, 1 Jalan SS20/27 Petaling Jaya 47400 Selangor.