Private sector funding is vital for the success of New Industrial Master Plan 2030, says Zafrul

KUALA LUMPUR (Sept 1): The New Industrial Master Plan 2030 (NIMP 2030), which is expected to increase the competitiveness of Malaysian companies in the global supply chain, will need greater participation from the private sector, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

He said that as most missions and projects outlined in the master plan are commercially driven, the success of these projects is very much reliant on private sector funding sources.

“We have looked at the capital market and the banks on how they can assist. This NIMP project is very commercially driven and the private sector will look at the viability of those investments. This mission-based approach also means these initiatives are agile and not static,” he told the media at the launch of NIMP 2030 on Friday.