Our National IR4.0 Policy: Re-focus on Manufacturing
Malaysia’s Prime Minister, Tun Dr. Mahathir Mohamad today launched the National Policy on Industry 4.0, known as Industry4WRD, at the MITI Tower. The ceremony was organised in collaboration with the Federation of Malaysian Manufacturers (FMM), and was attended by over 1,000 participants including Cabinet Ministers, Chief Ministers, Ambassadors, senior Government officials, industry leaders, academicians and members of the public.
In his opening remarks, the minister of International Trade and Industry, Darell Leiking, shared that the FMM, key ministries, agencies and academia have worked closely with his ministry, throughout the policy formulation process which began last year.
Besides identifying the four specific overarching goals of continuous growth in manufacturing GDP (to RM392 billion), increasing national productivity (by 30% per person), creating high skill employment opportunities in the manufacturing sector (18% to 35%) and raising innovation capabilities and competitiveness, Leiking shared about the Readiness Assessment Guidelines which businesses can use to assess where they are currently at, the gaps that exist and how they can be addressed via targeted intervention.
He also announced the upcoming rebranding of Malaysia Automotive Institute (MAI) to Malaysia Automotive, Robotics and IoT Institute (MARii).
Man of the hour, Tun Mahathir
In his keynote, Tun Mahathir reiterated Malaysia has to be innovative and forward-looking to build an economy that is equitable, sustainable and inclusive by 2025.
“Given the setbacks of the past one and half decade, we have lagged behind. Now, we have to work even harder to ensure very rapid and sustained growth.
“Like a marathon, we have to pace ourselves but be several steps ahead of our competitors or be consistently behind.”
During his keynote (video), Tun Mahathir reiterated the importance of manufacturing and that Malaysia’s national IR4.0 policy would focus on this sector as well as manufacturing-related services.
He also pointed out Information Technology as an important enabler.
“Information technology has now become the new imperative for businesses to grow and improve their performance. Global manufacturing processed are being transformed dramatically, with the advent of information technologies.
“And business models in manufacturing now benefit from data, machines and systems which have now become interconnected throughout the value chain from production shop floor to final distribution.”
During the press conference that came after, media were interested in seeking his response to other current events, besides trying to gain deeper insight into how future policies would be formed.
When asked about general perception that relations with China are strained because of cancelled projects with the country, Tun M shared his view about it in the below video.