KUALA LUMPUR, Nov 24 (Bernama) — The Malaysian Investment Development Authority (MIDA) and the Malaysian Plastics Manufacturers Association (MPMA) co-organised the MIDA-MPMA Conference on Government Assistance at MIDA’s headquarters on 23 November 2022. The Conference was attended by 100 participants. The Conference was organised to provide an insight to participants on various government policies, facilitations and assistance for the manufacturing sector specifically the plastics industry.
The Chief Executive Officer of MIDA, Datuk Wira Arham Abdul Rahman in his keynote address, highlighted “MIDA has proactively taken the initiative to ensure investors to have the necessary access to the right infrastructure, proper facilities and skilled talent to cater to the requirements of businesses. As the plastics industry continues to grow, it is important that companies, particularly the SMEs, focusing on innovation and raise productivity to compete and capture new opportunities. Among the initiatives and assistance provided by MIDA to manufacturers of plastics products include the Smart Automation Grant Industry4WRD Intervention Fund, Automation Capital Allowance (ACA) and Domestic Investment Coordination Platform (DICP). Besides innovation, companies have also adopted automation by leveraging on ACA to increase productivity and address challenges in a tight labour market.”