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Mission 1
Advanced economic complexity
- Uplift SME capabilities to participate in higher value-added activities
- Conduct IndustryConnect conferences to integrate SMEs in MNCs/ LLCs supply chain
- Assist SMEs to export and integrate in global value chain
Mission 2
Tech up for a digitally vibrant nation
- Encourage SMEs to adopt automation and technology
- Develop local tech solution providers ecosystem to provide solutions for SMEs
Mission 3
Push for Net Zero
- ESG framework to guide transition, including financing
- Opportunities to innovate green tech solutions
Mission 4
Safeguard economic security and inclusivity
- Scale up towards MTCs to build supply chain resilience
- Industrial development across States to provide opportunities for SMEs nationwide
Enabler
Mobilise financing ecosystem
- Mobilise financing from banks and capital market, supported by Government
- Provide access to stronger talent pool
- Improve ease of doing business for SMEs to invest,contributing to greater
| Mission | Description | Strategies | Action Plan |
|---|---|---|---|
| Mission 1 | Uplift SME capabilities to participate in higher value-added activities | 1.2: Develop entire ecosystem to support the high value-added activities | 1.2.1: Build strong local SMEs in manufacturing and related services to support the industry champions |
| Conduct IndustryConnect conferences to integrate SMEs in MNCs/ LLCs supply chain | 1.3: Establish cooperative ‘vertical integration’ for global value chain | 1.3.2: Develop vertical integration programmes through Industry Connect conferences | |
| Assist SMEs to export and integrate in global value chain | 1.5: Increase manufacturing exports | 1.5.1: Implement national trade advocacy campaign to increase industry utilisation of FTAs | |
| Mission 2 | Encourage SMEs to adopt automation and technology | 2.1: Accelerate technology adoption | 2.1.1: Enhance Industry4WRD programmes to increase technology adoption |
| Develop local tech solution providers ecosystem to provide solutions for SMEs | 2.3: Spur Technology innovation | 2.3.1: Nurture local technology solution providers to support Technology Adoption Programme 2.3.2: Develop generative and industrial AI solution leaders and system integrators |
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| Mission 3 | ESG framework to guide transition, including financing | 3.1: Accelerate transition towards sustainable practices | 3.1.1: Develop sectoral decarbonisation pathways to guide transition 3.1.4: Launch iESG framework and transition programmes |
| Opportunities to innovate green tech solutions | 3.3: Catalyse new green growth areas | 3.3.1: Catalyse EV as a key growth driver 3.3.2: Grow carbon capture, utilisation and storage (CCUS) as a new sector 3.3.3: Develop circular economy framework for the industry |
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| Mission 4 | Scale up towards MTCs to build supply chain resilience | 4.1: Develop resilient supply chain | 4.1.1: Identify specific supply chain resilience strategies for critical sectors |
| Industrial development across States to provide opportunities for SMEs nationwide | 4.3: Strengthen industrial clusters for regional development | 4.3.1: Expand clusters for spillover regional impact 4.3.2: Align industrial development plan between Federal and States |
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| Enabler | Mobilise financing from banks and capital market, supported by Government | E1 Mobilise financing ecosystem | E1.1: Introduce NIMP Industrial Development Fund and NIMP Strategic Co-Investment Fund E1.2: Boost financing for digitalisation and decarbonisation transition E1.3: Establish green sukuk to facilitate transition E1.4: Establish supply chain financing for SMEs E1.5: Increase utilisation of the capital market E1.6: Expand the imSME as the platform to show all available funding options including government funding and capital market E1.7: Review government funding for consolidation |
| Provide access to stronger talent pool | E2: Foster talent development and attraction | E2.1: Leverage mynext and MYFutureJobs for strategic workforce planning to address long-term demand-supply requirement E2.2: Introduce progressive wage system policy E2.3: Improve policy to enable fast and hassle-free access to high-skilled foreign talents E2.4: Expand TVET programmes for high-skilled jobs in critical sectors E2.5: Raise profile of high-tech manufacturing career to attract interest in STEM subjects |
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| Improve ease of doing business for SMEs to invest, contributing to greater DDIs | E3: Establish best-in-class investor journey for ease of doing business | E3.1 Establish a unified investment strategy and align investment evaluation to new parameters under NIA E3.2: Harmonise and streamline functions and KPIs across IPA landscape E3.3: Review and design competitive, agile and relevant incentives E3.4: Improve One-Stop Portal for seamless investor experience |