Selangor Journal
Prime Minister Datuk Seri Anwar Ibrahim mingling with members of the public during the National Day celebration at Dataran Putrajaya on August 31, 2023. — Picture via FACEBOOK/ANWAR IBRAHIM

PM vows NIMP 2030 wealth-sharing measures will improve lives

KUALA LUMPUR, Sept 1 — The New Industrial Master Plan (NIMP) 2030, which is a key component of Madani Economy, will improve lives with higher returns from the country’s economic targets, said Prime Minister Datuk Seri Anwar Ibrahim.

He said this includes employment with meaningful wages and wealth-sharing to build a more equitable and prosperous society.

“This creation of high-value job opportunities is crucial to uplift and expand the middle-class society.

“Global megatrends such as the rising role of Industry 4.0 technologies, climate change and sustainability practices, demographic shifts and globalisation of value chains are changing the nature of jobs,” Anwar said when launching the NIMP 2030 here today.

NIMP 2030, which adopts a mission-based approach, is a horizontal policy with well-defined missions that will galvanise not only the entire manufacturing ecosystem but also the whole nation to drive industrial transformation and realise Malaysia’s vision.

Anwar, who is also finance minister, said skills transformation is key to developing future competencies, and this has been set as a focus of the nation’s industrial strategy.

“To meet the industry’s demands, we will implement a progressive wage system that promotes skills development and career advancement.

“Public-private collaborations will be enhanced via TVET (technical and vocational education and training) and STEM (science, technology, engineering and mathematics) programmes, ensuring the acquisition of skills required by the industry,” he said.

Anwar said the government is confident NIMP 2030 will yield meaningful outcomes and significantly impact the national economy.

In terms of employment, the prime minister said a projected growth of 2.3 per cent from 2023 is expected, providing livelihood for 3.3 million persons by 2030.

“The industry’s growing employment trajectory is due to the creation of high-skilled jobs as the country advances towards higher value-added activities and improvement in automation and technological advancements,” he said.

He said through NIMP’s interventions, the median salary for the manufacturing sector is expected to grow by 9.6 per cent to reach RM4,510 from RM1,976, which is below the national average despite the sector’s dominant role in the national GDP.

“This 128 per cent increase from 2021 is driven by the shift of the industry towards higher value-added activities and high-skilled job opportunities created,” he said.

— Bernama

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