Malaysia: Govt aims to position M’sia as sales and marketing hub for M & E

  • Aug 08, 2016

Malaysia: Govt aims to position M’sia as sales and marketing hub for M & E

Monday, 1 August 2016 – The Government aims to turn Malaysia into a sales and marketing hub for machinery and equipment (M & E), as well as a technology refurbishment centre for machine tools and packaging machineries, said Malaysian Investment Development Authority (Mida) chief executive officer Datuk Azman Mahmud.

He said the target had been set due to the industry?s promising prospects whereby it had grown robustly in the last seven years with a compound annual growth rate (CAGR) of 28.5%.

He said industry exports had also performed well with a CAGR of 10% in the last three years and was projected to reach RM43bil in 2020. Read More?