The Malaysian Investment Development Authority (MIDA) has signed a Memorandum of Understanding (MOU) with the Technical Centre for Mechanical Industry (CETIM) to encourage cooperation in niche engineering and manufacturing technology.
The collaboration between MIDA and CETIM aimed to strengthen Malaysia’s technological ecosystem by attracting quality investments.
“MIDA has always been a conduit between entities such as CETIM, industry players and academia to create effective new collaborations in line with Malaysia’s investment aspiration agenda to develop high value-added, capital- and knowledge-intensive industries. Innovation through strategic collaborations in R&D activities and Centre of Excellence are now more crucial than ever for businesses to adapt to the new norm, while remaining resilient and competitive,” Chief Executive Officer (CEO) of MIDA, Azman Mahmud said.
“CETIM has a long history and experience in supporting R&D, innovation and development of all companies, including SMEs in the mechanical industry, in France first, through national programmes for robotics, additive manufacturing; and then internationally,” CEO of CETIM, Daniel Richet added.
CETIM’s reputation and capabilities to provide comprehensive services to Malaysia’s industry and to improve companies’ competitiveness through mechanical engineering, transfer of innovations and advanced manufacturing solutions assured MIDA’s decision on the MOU.
Ultimately, the partnership will contribute to Malaysia’s shift towards better research activities, promote a circular economy and lead to a more sustainable business model in line with the United Nation’s Sustainable Development Goals.