Tag Archives: 17th Malaysian International Food & Beverage Trade Fair 2016
MALAYSIAN GOVERNMENT ENCOURAGES MANUFACTURING AUTOMATION
Manufacturers in Malaysia are encouraged to automate and embrace the fourth industrial revolution or industry 4.0 in an effort to transform Malaysia’s manufacturing landscape by helping reduce reliance on manual labour and keep exports competitive.
During the 17th Malaysian International Food & Beverage Trade Fair 2016 held in Kuala Lumpur, Second Minister of International Trade and Industry Datuk Seri Ong Ka Chuan said that the government is open to suggestions concerning tax incentives that can employ automation and smart technology in assembly lines of factories.
While most manufacturers are aware of the Industry 4.0 concept, only 30 per cent have started to invest and leverage on modern technology, said Ong. Embracing the fourth industrial revolution would mean that manufacturers will move up the value chain and contribute to a knowledge-based economy.