Malaysia’s National 4IR Policy To Drive Transformation Of Socio-Economic Development

KUALA LUMPUR, July 1 (Bernama) -- The National Fourth Industrial Revolution Policy (National 4IR Policy) launched today is set to transform Malaysia into a high-income nation driven by the most advanced 4IR technology and digitalisation. Through the policy, the Malaysia Well-being Index (MyWI) is targeted to increase to 136.5 in 2030 compared with 124.4 in 2018, said Minister in the Prime Minister's Department (Economy) Mustapa Mohamed. Malaysia also targets to position itself among the top 20 ranking in the Global Innovation Index in 2030 as well as achieve a 30 per cent increase in productivity encompassing all sectors from the level achieved in 2020. “Through the National 4IR Policy, the people, businesses and the government are able to capitalise on the growth opportunities and address the prevailing risks from 4IR,” he said in his speech during the launch of the National 4IR Policy on Thursday. “The emergence of new technologies such as robotics, artificial intelligence, and Internet of Things have changed the way the world operates. 4IR technology has also helped to fight COVID-19 pandemic globally,” he said. The launch ceremony was officiated by Mustapa together with Minister of Science, Technology and Innovation Khairy Jamaluddin today. -- BERNAMA