Prime Minister Tun Dr Mahathir Mohamad yesterday launched the National Policy on Industry 4.0 known as Industry4WRD — a four-pronged strategy to boost Malaysia\u2019s manufacturing sector via higher productivity, contribution, innovation and more high-skilled workers.<\/p>\n
The four specific goals announced on Wednesday are:<\/p>\n
1.\u00a0To increase the level of productivity in the manufacturing industry per person from RM106,647 by 30%;<\/p>\n
2.\u00a0To elevate the absolute contribution of the manufacturing sector to the economy from RM254bil to RM392bil.<\/p>\n
3.\u00a0To strengthen the country\u2019s innovation capacity and capability as reflected by the improvement in Global Innovation Index ranking from 35th spot to top 30 and;\u00a0<\/p>\n
4.\u00a0To increase the number of high-skilled workers\u00a0 in the manufacturing sector from 18% to 35%.<\/p>\n
The National Policy on Industry 4.0 known as Industry4WRD was Malaysia\u2019s response to the call for digital transformation of the manufacturing sector and its related services.<\/p>\n
\u201cThe Industry4WRD is a pivotal step as Malaysia seeks to strengthen its on-going structural reforms to become a developed nation that is equitable, sustainable and inclusive by 2025 or even earlier,\u201d according to a statement issued by MITI.<\/p>\n
Speaking at the launch of Industry4WRD at the MITI tower, the Prime Minister said a readiness to adapt to the Industry 4.0 Revolution would have a\u00a0bearing on economic success and Malaysia needs to quickly embrace it\u00a0to propel productivity and further enhance competitiveness.<\/p>\n
“Manufacturing firms in Malaysia, especially Small and Medium Enterprises (SMEs), have the potential to gain advantage from the adoption of Industry 4.0.<\/p>\n
\u201cWith this in mind, the\u00a0Industry4WRD\u00a0policy was developed to propel SMEs forward, so that they can be agile and adaptable to meet the challenges posed by the Fourth Industrial Revolution.\u00a0<\/p>\n
“As part of the Industry4WRD Policy, the Readiness Assessment programme will further assist SMEs to measure their gaps and readiness, in order to guide their adoption of Industry 4.0 technologies,” he said in his keynote address at the launch.<\/p>\n
He said the Industry4WRD is Malaysia\u2019s response to Industry 4.0 and beyond, that calls for transformation of the manufacturing sector and its related services to be smarter and stronger, driven\u00a0by people, process and technology.<\/p>\n
“Contemporary economies are now dominated by modern service sector activities. However, the most robust and resilient economies globally retain strong manufacturing sectors.\u00a0<\/p>\n
“We have always maintained that\u00a0to grow our economy, the manufacturing sector, must remain the backbone, supported by\u00a0other sectors such as commodities and\u00a0services,” he said.<\/p>\n
The Prime Minister said while Malaysia had\u00a0abundant natural resources and had\u00a0diversified into the services sector, manufacturing\u00a0played a key role in turning the country\u00a0into a major player in the global value chain, apart from rapidly turning it\u00a0into an industrialised nation.<\/p>\n
“In the last five years, the manufacturing sector has been contributing about 23 per cent to the gross domestic product. Further, about 98.5 per cent of Malaysian SMEs are in the manufacturing sector.\u00a0<\/p>\n
“It is the manufacturing sector that allows Malaysia to consistently demonstrate dynamism and resilience to grow, while attracting foreign direct investments,” he added.<\/p>\n
He said ultimately, the\u00a0policy would\u00a0drive Malaysia to become\u00a0a strategic partner for smart manufacturing and related services in the Asia Pacific, a primary destination for the hi-tech industry, as well\u00a0 as a total solutions provider for advanced technology.<\/p>\n
“I believe, this can all be achieved through Industry4WRD which\u00a0enables the manufacturing sector to move into Industry 4.0 and along the way, contribute to fulfilling Malaysia\u2019s\u00a0commitment to the United Nation\u2019s Sustainable Development Goals.<\/p>\n
“This policy is a collaborative effort of both the government and industry. Extensive stakeholder consultations have been undertaken in the past year to develop it,” Dr Mahathir added.<\/p>\n
He\u00a0said that Industry4WRD can be a clear strategic direction for the nation since these technologies apply across the board.\u00a0<\/p>\n
He said the necessity for Malaysia to have its own policies to address Industry 4.0\u00a0is critical and the introduction of Industry4WRD marks the starting point to the wider Industrial Revolution for Malaysia.<\/p>\n
According to Dr Mahathir, with this policy in place,\u00a0the government anticipates that by 2025 Malaysia will be one of the\u00a0primary destinations for high-tech industry and rank\u00a0among the top 30 nations in the Global\u00a0Innovation Index.<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Prime Minister Tun Dr Mahathir Mohamad yesterday launched the National Policy on Industry 4.0 known as Industry4WRD — a four-pronged strategy to boost Malaysia\u2019s manufacturing sector via higher productivity, contribution, innovation and more high-skilled workers. The four specific goals announced on Wednesday are: 1.\u00a0To increase the level of productivity in the manufacturing industry per person […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-2240","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/2240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=2240"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/2240\/revisions"}],"predecessor-version":[{"id":4340,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/2240\/revisions\/4340"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=2240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=2240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=2240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}