KUALA LUMPUR, Oct 23 (Bernama) -- The government encourages local companies to formulate long-term strategies to grow the country’s economy without increasing imports, said Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani.
Business : Govt Encourages Local Companies To Formulate Long-Term Strategies, Reduce Imports -- Johari
MITI, Johari Abdul Ghani, import, AKI 2026, local
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Key points
- “So over time, as our economy expanded, we are also able to reduce imports,” he told reporters after the Industry’s Excellence Award Ceremony 2026 (AKI) here today.
- In his speech, Johari also said the government wants Malaysian industry to shift to designing, engineering, and producing high-tech, value-added products, becoming a trusted supplier to multinational companies and global industry leaders.
- “We need to focus on R&D activities to develop products and components required by foreign investors, so that they can be developed and manufactured by local companies,” he said.
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