KUALA LUMPUR, July 10 (Bernama) — “In light of the projected double-digit growth of e-Commerce in the region, Malaysia is ready to take part in transforming the existing digital landscape into a bright digital future. The Government through MIDA has expanded the logistics incentive scheme by introducing the second round Integrated Logistics Services (ILS) incentive to encourage logistics companies to adopt technology in their operations and to position themselves as regional e-Fulfilment hub providers in Malaysia. From 2017 until March 2019, MIDA has approved eight e-Fulfilment projects in which seven of these projects are locally owned,” said YB Dr. Ong Kian Ming, Deputy Minister of the International Trade and Industry at the “Investment Opportunities in the E-Commerce Fulfillment Industry Seminar 2019” held in the Ministry of International Trade and Industry (MITI) today.
The Seminar, which was an initiative of the National e-Commerce Council (NeCC), was organised by the Malaysian Investment Development Authority (MIDA) in collaboration with MITI and the Malaysia Digital Economy Corporation (MDEC). It aims to position Malaysia as an “E-Fulfillment Hub”, focusing on leveraging greater integration across the industry to support its rapid growth in the country.