By Nadiah Zamlus
SHAH ALAM, Aug 18 — Five manufacturing sectors would be focused on to drive the gross domestic product (GDP) growth for the state and country, says Dato’ Teng Chang Kim.
The Selangor Investment, Industry and Trade, Small and Medium Industries Committee chairman said the sectors include electrical and electronic, machinery, aerospace, food and drinks, and life science that covers pharmaceutical and medicine.
“We want to strengthen the manufacturing sector to support the services sector, which is the main thrust of the country’s economy,” said Teng while commenting on Selangor’s GDP performance in 2019.
“This aim is in line with Selangor’s intention of not setting other states as its competitors, instead it put countries in the Asia region as its main competitors in economic development.”
Currently, the state manufacturing sector only contributes 30 per cent to the GDP compared to 60 per cent with the service sector.
On August 6, Selangor Menteri Besar Dato’ Seri Amirudin Shari announced Selangor contributed 24.2 per cent to the national GDP in 2019, thus maintaining the pole position it held in the past few years.
He said that is an increase of 0.5 per cent compared to the 23.7 per cent recorded in the same period two years ago.
