By Alang Bendahara
SHAH ALAM, March 15 — The state government aims to attract nearly two-thirds of the country’s aerospace industry players to invest in Selangor.
State executive councillor for trade and investment Dato’ Teng Chang Khim said plans are being made to aggressively attract the relevant industry players to the state.
“We will continue to spearhead and strengthen the aerospace industry in Selangor to make it the prime investment destination for the industry by targeting to get 70 per cent of the related companies to operate here,” he told the Selangor State Assembly sitting here today.
These plans include holding more engagement sessions, webinars, and other programmes with prospective investors.
“We will also continue to organise the Selangor Aviation Show (SAS) and promote Subang as the business and general aviation activities hub, as well as make it as a medium for local small-and-medium enterprises to showcase their product and services while looking out for possible ventures with foreign companies,” said Teng in response to Dusun Tua assemblyman Edry Faizal Eddy Yusof query on Selangor’s internal investment.
He added that the 2022 SAS would be held from September 8 to 9 at Subang Skypark Regional Aviation Centre.
To attract more investments, Teng said the state government would continue to organise trade and investment missions, both physically and virtually, given the continuing threat from Covid-19.
He said Selangor would continue to promote the electrical, electronic, machinery and equipment sectors as they are the most advanced industries to investors.
“We will promote two new industries identified as having the potential to attract investors, which are Digital Investment and Transportation and Logistics,” Teng said.
He said that the state administration would also continue to hold the Selangor International Business Summit, which will take place from October 6 to 9, adding that the event has proven to be the best platform to promote the state as a global trading hub in the Asean region.
Looking towards the future, Teng highlighted the Selangor Biotechnology Action Plan, which will provide a comprehensive development strategy to spearhead the growth of biotechnology in the state and make it the premier destination for investors in Southeast Asia.
“To execute the planning, the state government created a specific division called the Selangor Biotechnology Coordination Office (SBIOCO) under Invest Selangor Sdn Bhd to coordinate the development of biotechnology-based projects and create an ecosystem for the industry in Selangor,” he said.
Teng added the state government had established the Selangor State Rail Industry Council to ensure the industry is given focus, as it has the potential to bring substantial economic impact.
“The council’s role is to increase the investment potential of the rail industry and create employment opportunities. It will also draft and plan development and promotional programmes for the industry,” he said.
He said Selangor would also continue engaging with current investors in the state through its physical and virtual networking programme to help solve issues related to their investments.
“All these continuous engagement programmes with investors will create harmony in the investment environment that will encourage new investment and lead to an expansion or increase in existing investments,” he said.
