The next Wave 8 of Mid-Tier Company Development Programme (MTCDP) is scheduled to kickstart in June 2021 and currently, MATRADE is actively recruiting new participants for the programme.
Deputy Ministry International And Trade Industry (MITI), Lim Ban Hong said in line with the 12th Malaysia Plan, MATRADE will continue the Mid-Tier Companies Development Programme (MTCDP) to create more export champions and support the ongoing efforts by the Government in regenerating Malaysian economy.
“MTCDP targets Mid-Tier Company (MTCs) with annual revenues between RM50 million to RM500 million for manufacturing companies and RM20 million to RM500 million for services companies.
“We hope to drive the growth of new sectors while striking the balance to ensure the socio-economic inclusiveness and sustainability,” Lim said.
MATRADE had so far successfully groomed 275 Mid-Tier Companies (MTCs) since 2014 and recorded cumulative increase in exports revenue of RM4.9 billion.
In 2019, the MTCs’ exports’ revenue had reached RM14.16 billion, an increase of 22.5 percent compared to the year before.
The MTCDP started in 2014 as one of Putrajaya’s high impact initiatives in Malaysia’s Development Plan, aimed to accelerate the export growth of MTCs to be the regional and global champions.It has become the springboard to Malaysian home-grown names to stamp their mark as the globally recognised brands in every corner of the world
