Aerospace, Smart Farming Among High-Potential Industries Under 12th Malaysia Plan - PM

KUALA LUMPUR, March 1 (Bernama) -- The government has identified several high potential industries as the drivers and sources of growth under the 12th Malaysia Plan (12MP), said Prime Minister Muhyiddin Yassin. The industries include aerospace; a more creative and sophisticated electrical and electronics sector; biomass and smart farming.  “The government will also implement strategies to improve productivity to accelerate the shift to high value-added and high-technology industries,” he said in his One-Year Malaysia Prihatin Keynote Address Monday. Muhyiddin said in planning the country’s long-term development and economic growth, the government is committed towards positioning the economy on a stronger and more competitive path.  He said the country's five-year socio-economic development plan is important to set a clear strategic direction and place the country's economy on a stronger foundation.  Among the government's priorities in the 12MP is the provision of a conducive ecosystem for the micro, small and medium enterprises, as well as to boost quality investments by focusing on high-tech activities. It also includes accelerating developments in Sabah, Sarawak and other lesser-developed states by enhancing the provision of infrastructure and basic facilities. The 12MP is aimed at reinvigorating Malaysia’s economic growth, aside from ensuring a more equitable sharing of wealth without neglecting environmental sustainability. -- BERNAMA