Connect with us


Ever Heard of NIMP 2030? Here’s How It Will Impact M’sians & Help Local SMEs


Miti Feat Image 2 1
Source: 123RF & rawpixel.com

Attention fellow entrepreneurs! Whether you’re looking to start a new business or expand your startup, the New Industrial Master Plan 2030 (NIMP 2030) is all set to bring your business to new heights! 

In case you haven’t heard, NIMP 2030 is an industrial policy for the manufacturing and manufacturing-related services sector. Launched by YAB Prime Minister and the Ministry of Investment, Trade and Industry (MITI), this policy is a holistic and multifaceted strategy that aims to drive Malaysia’s industrial demand in seven years. 

Four interlinked missions have been outlined to meet the targets and goals of NIMP 2030. Let’s explore these missions in-depth and find out how Malaysians can benefit from the industrial policy! 


Mission 1: Advance Economic Complexity

Moving beyond traditional models, NIMP 2030 aims to revolutionise manufacturing and drive innovation in this dynamic industry. This fosters the production of sophisticated goods, enhancing Malaysia’s competitiveness in the global market.

Here’s how this mission can be achieved:

  • Enhance high-value-added activities in high-growth and high-value sectors, such as electrical and electronic products (E&E), chemical, aerospace, pharmaceuticals, and medical devices.
  • Build a supportive ecosystem for these activities by strengthening local SMEs and fostering cross-sector connections (e.g. M&E and Medical Devices).
  • Encourage ASEAN collaboration to enhance supply chain integration.
  • Increase the visibility of SMEs through IndustryConnect conferences.
  • Boost the Research, Development, Commercialisation and Innovation (RDCI) ecosystem by assigning specific goals to universities and implementing an enhanced National IP Policy.
  • Amplify manufacturing exports through trade advocacy campaigns, a refreshed “Made in Malaysia” brand, and addressing trade barriers and standards compliance.

209207120 L Normal None


Mission 2: Tech Up for a Digitally Vibrant Nation

In line with the digital era, NIMP 2030 drives a nationwide digital transformation to boost innovation, productivity, and economic growth. Other than transforming 3,000 smart factories, the policy also aims to:

  • Boost technology adoption by enhancing Industry4WRD programmes and expanding digital infrastructure (JENDELA).
  • Shift away from low-skilled labour by introducing multi-tiered levies and automation requirements for new Manufacturing Licences.
  • Foster innovation by nurturing local solution providers, AI leaders, and system integrators, and promote data analytics using a national digital platform.
  • Streamline government digitisation through digitalising all government touch points in business cycles.

Engineer Cooperation Male Female Technician Maintenance Control Relay Robot Arm System Welding With Tablet Laptop Control Quality Operate Process Work Heavy Industry 40 Manufacturing Factory


Mission 3: Push for Net Zero

Besides propelling Malaysia’s economy, NIMP 2030 is also committed to sustainability and fighting climate change. Here are the proposed strategies to decarbonise the manufacturing sector:

  • Encourage sustainable practices by:
    • Creating decarbonisation plans for different sectors
    • Addressing challenging sectors for emission reduction
    • Implementing carbon policies and taxes
    • Launching transition programmes through the iESG framework
  • Promote renewable energy adoption by enhancing adoption schemes and improving accessibility.
  • Catalyze green growth in areas like circular economy frameworks, electric vehicles (EVs), and carbon capture, utilization, and storage (CCUS).
  • Embrace green infrastructure and transform industrial estates into eco-friendly hubs.

Medium Shot Engineers Discussing About Solar Pannels


Mission 4: Safeguard economic security and inclusivity 

Apart from its sustainability endeavours, NIMP 2030  also aims to create a robust environment supporting supply chain resilience, entrepreneurship, SME growth, and fair access to opportunities. 

This initiative champions inclusive growth by empowering local communities and SMEs to integrate seamlessly into Global Value Chains! Here’s the plan:

  • Strengthen supply chains by:
    • Strategizing resilience for critical sectors
    • Fostering collaboration through G2G and G2B programmes
    • Introducing National Mineral Policy for essential mineral processing
  • Promote climate-resilient development by:
    • Creating adaptation pathways for different sectors
    • Developing adaption industries
    • Strengthening climate resilience measures
  • Boost regional development by expanding and aligning industrial plans between Federal and State levels.
  • Empower Bumiputera participation to create an inclusive workforce through:
    • Tindakan Pembangunan Bumiputera 2030
    • Programmes promoting women’s involvement in high-skilled manufacturing roles

214100855 L Normal None


How would Malaysians benefit from NIMP 2030?

This industrial policy is expected to inspire new businesses and support the growth of local SMEs, all while championing sustainability and economic inclusivity. Even if you’re not an entrepreneur, this policy holds indirect benefits for you too:

Nation-wide economic growth 

This policy sets its sights on boosting the Gross Domestic Product (GDP) of the manufacturing sector by 6.5% annually. If we hit this target by 2030, it could mean an impressive addition of RM587.5 billion to Malaysia’s overall GDP! 

182531057 L Normal None


New employment opportunities 

NIMP 2030 is expected to also drive employment up by 2.3% yearly, which creates an additional 600,000 jobs that are mostly high-skilled. This sums up to a total of 3.3 million new jobs by 2030!

This ambitious initiative not only aims to propel industrial growth but also seeks to significantly boost the nation’s workforce, offering an array of promising career prospects.

Screenshot 2023 12 05 152901


Increased median salary

Since the policy aims to decrease the country’s overreliance on low-skill labour, the new positions arising are likely to be high-skilled. Consequently, this shift is anticipated to elevate industry pay by 9.6%, reaching RM4,510 by 2030! 

Screenshot 2023 12 05 152923


As you can see, NIMP 2030 is not just about economic growth; it’s equally dedicated to empowering local entrepreneurs and business owners, fostering a shared success that belongs to every Malaysian! 

Want to know more about NIMP 2030? Visit MITI’s official website. Don’t forget to follow MITI on Facebook and Instagram for the latest updates!

Source: 123RF
Source: freepik
Source: 123RF
Source: 123RF
Source: partystock

Just In

Article Featured Image 18 Article Featured Image 18
News3 hours ago

This is Nur Hadith, The Bodyguard Who was Shot Protecting His VVIP Client

The shooting at KLIA case took everyone by surprise this morning, and left a lot of people worried for the...

Article Featured Image 13 Article Featured Image 13
News10 hours ago

KLIA Shooting: 5 Updates About What Happened So Far

Shooting cases are rare in Malaysia, especially due to our country’s very strict gun control laws. So, when something like...

Article Featured Image 11 Article Featured Image 11
News11 hours ago

Police on A Manhunt for This Gunman, Urge M’sians to Contact Them If They Have Info

Police has alerted that the man, now identified as Hafizul Harawi, is considered arm and dangerous. The 38-year-old is being...

Klia Shooting Suspect Klia Shooting Suspect
News11 hours ago

UPDATE: KLIA Shooting Suspect Had Criminal Record, Harassed Wife Twice Before Incident

By now, many would know that a Malaysian man had fired 2 shots at his wife at 1:30 am in...

Article Featured Image 10 Article Featured Image 10
News12 hours ago

Monk Caught in Bed With Politician is Her Adoptive Son, Gets Millions of Baht from Her

The news that broke Thailand recently seems to keep getting crazier and crazier! In a viral video captured by a...

Klia Shooting Klia Shooting
News15 hours ago

BREAKING: Man Tries To Kill Wife by Shooting Her in KLIA

In the wee hours of the morning on 14 April, a man fired 2 shots at his wife at the...

Feat Iamge Aeon Feat Iamge Aeon
News1 day ago

Johor Islamic Dept Seizes 11 ‘Floormats’ With Kaabah Images, Turns Out They’re Actually Prayer Mats

The Johor State Islamic Affairs Department (JAINJ) today revealed that it seized 11 floormats bearing the images of the Kaabah...

Article Featured Image 8 Article Featured Image 8
News1 day ago

Viral Video Shows Husband Catching Alleged Politician Wife in Bed with A Monk

A recent video clip shared by the Facebook page “I Sor Khayi Kkhao” went viral as it shows a politician’s...


Latest Videos