Malaysia faces distinct challenges in achieving WKB 2030 - Redzuan
Malaysia faces distinct challenges going forward in its march towards the Shared Prosperity Vision (WKB) 2030, which, among others, constitute enhancing economic growth, encouraging the use of technology in the manufacturing and services industry, and bridging development gaps.
Minister in the Prime Minister's Department (Special Functions) Mohd Redzuan Md Yusof said the use of technology was still low in the manufacturing and services industry...
Malaysia faces distinct challenges going forward in its march towards the Shared Prosperity Vision (WKB) 2030, which, among others, constitute enhancing economic growth, encouraging the use of technology in the manufacturing and services industry, and bridging development gaps.
Minister in the Prime Minister's Department (Special Functions) Mohd Redzuan Md Yusof said the use of technology was still low in the manufacturing and services industry.
"Although the sector contributes almost 79 percent to the gross domestic product (GDP), the level of technology use is still low at between 20 percent and 37 percent," he said after officiating the Business Blueprint Industry 4.0 Technology Plan 2020 launched by bird nest producer MyNest Group Malaysia in Putrajaya last night.
Present was MyNest Group Malaysia director and chief executive officer Chua Huai Gen.
Redzuan said as the income gap between urban and rural households has expanded nearly six times in the last 27 years, the economic challenge was to ensure that no group was left behind in sharing the country’s prosperity.
He said hence, the WKB 2030 was important to ensure that Malaysia continued its sustainable development in tandem with a fair and inclusive economic distribution at all levels of income groups, ethnicities, regions and supply chains.
Even though the implementation of the WKB 2030 encompasses all rakyat, he said it needs to take into consideration the priorities of equitable interests of certain groups so that their socio-economic status would be enhanced, so as not to miss out on the government's efforts to achieve the vision.
On the Business Blueprint Industry 4.0 Technology Plan 2020, Mohd Redzuan said it has made MyNest the world's first bird nest operator to adopt the 4.0 technology, which would not only increase its production but also lower its costs.
"With the help of this technology, it will also increase the company’s competitiveness and reduce its dependence on foreign workers," he said.
Redzuan added that the technological advancements used will enhance the skills of local workers in the areas of management, high-tech robotics maintenance, Artificial Intelligence (AI) and automated sensors.
- Bernama
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