KUALA LUMPUR, Nov 18 (Bernama) — Selangor government through Invest Selangor Berhad today, announce the launch of the Selangor Biotechnology Action Plan 2021 – 2030 initiative, which is developed to identify high potential biotechnology subsectors and aims to enrich the ecosystem to further propel the industry in the state.
The Selangor GDP in 2019 was RM 344.5 billion, which is 24.2% of the National GDP. Annual GDP growth of Selangor in 2019 was at 6.7%, higher than the National GDP growth (4.3%). The biotechnology cluster is seen as an emerging sector in the state and has high potential to become the new economic growth for Selangor.