26 June 2014, Kuala Lumpur - YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry (MITI) led a dialogue session with 16 companies in Perlis, organised by the Malaysian Investment Development Authority (MIDA), today. YB Minister was accompanied by YBhg. Dato’ Azman Mahmud, Chief Executive Officer of MIDA, and other officials from MITI and MIDA.
According to Dato’ Sri Mustapa, “There are many opportunities in Perlis that investors should be made to be aware of. All that we need to do is to position Perlis as a state of opportunity. The State is mainly driven by the agriculture sector. Notwithstanding this, it is heartening to note that approved investments in the manufacturing sector for 2013 in Perlis have increased substantially by nine times the figures achieved in the year of 2011, a testimony that this state is becoming an increasingly competitive destination for investments.”
“We are actively working with all stakeholders including the private sector to create a more conducive business environment for all states including Perlis. We need to get the population on board so that necessary adjustments can be made with as wide-spread a level of support as possible,” said Dato’ Sri Mustapa.
As at 31 December 2013, a total of 48 projects have been implemented in Perlis with investments amounting to RM1.0 billion. Domestic investments amounted to RM674.3 million or 70.0 per cent while foreign investments totalled RM368.9 million or 30.0 per cent. These projects have generated 6,054 employment opportunities to the State. The manufacturing investments in Perlis were concentrated in the industries of non-metallic mineral, plastic, rubber, electronics & electrical, transport equipment, cement and clinker, and food-based products.
Earlier in the day, YB Minister visited Universiti Malaysia Perlis, (UniMAP), Malaysia’s 17th public institution of higher learning in the country.