Zafrul: Domestic interests to be protected in all govt policies including NIMP 2030

KUALA LUMPUR (Sept 3): The Ministry of Investment, Trade and Industry (MitiI) will safeguard domestic interests in all policies, including the New Industrial Master Plan 2030 (NIMP 2030), said its minister Tengku Datuk Seri Zafrul Abdul Aziz.

Despite the implementation of the policy of liberalisation, domestic direct investments (DDI) have continued to dominate in terms of approved investments, he said.

“For example, in the 10-year period from 2012 to 2021, approved DDI amounted to RM1.3 trillion, or 64% of the total investments approved,” he said in a social media post in response to concerns that foreign capital would dominate in local equity holdings as a result of the NIMP 2030.