The Mid-Tier Companies Development Programme (MTCDP) for Wave 8, involving 25 high-performing Mid-Tier Companies (MTCs) by teaming up with Deloitte Malaysia was kick-started by MATRADE (Malaysia External Trade Development Corporation).
Speaking at the press conference today, both MATRADE and Deloitte have emphasised both are tapping into the networking of each entity to make this plan, Wave 8 a successful one.
For the period 2022 to 2025, Deloitte was chosen as the external market and industry expert for companies enrolled in MTCDP. The firm will provide customised export support, exclusive to the needs of each MTCs as well as according to targeted industry clusters based on the structured approach, facilitated by a strong delivery team based in Malaysia, and supported by significant regional and global experts.
The Wave 8 Kick-Off event was graced by MATRADE Chief Executive Officer, Datuk Mohd Mustafa Abdul Aziz marked the starting point for the journey of these MTCs to be regional and global champions.
MTCDP is the only high-impact exporters’ development programme in Malaysia’s 5-year Development Plan, aimed to accelerate their export growth, enhance their global competitiveness and promote Malaysian homegrown brands in the global marketplace. This plan was first launched in 2014.
MTCDP has become the launchpad for many companies in various industries to stamp their mark in existing export markets and make inroads in the new markets.
“MTCDP in 2022 will be focusing on high impact and high growth industries, with greater emphasis on new elements of global competitiveness namely digitalisation and sustainability. These augurs with the 12th Malaysia Plan to regrow the economy, sustainable and inclusive growth which will benefit the business communities on the whole,” Datuk Mohd Mustafa said.
“The Development of MTCs in Malaysia will also drive the growth of Micro, Small and Medium Sized Enterprises (MSMEs). Our MTCs can be the mentor or anchor to MSMEs in strengthening their competitiveness and business offering”, added Datuk Mohd Mustafa.
“Wave 8 of MTCDP will see 25 well-established Mid-Tier Companies that were selected to participate in a 9-months programme. (14 MTCs are from the manufacturing sector, and 11 MTCs are from the services sector). These companies will involve in a series of key activities which include the development of business assessment framework, social and economic
assessment resulting from MTCDP, and structured capability programmes,” he added.
The MTCDP targets export-oriented MTCs with annual revenues between RM50 million to RM500 million for manufacturing companies and RM20 million to RM500 million for services companies.
MTCDP continues to be relevant by keeping up with the evolving business and economic landscape, adopting new elements such as digitalisation, sustainability, global branding and supply chain development in the new scope of the programme, based on the lessons learned from the pandemic and global megatrends.
Since its inception, MTCDP has successfully nurtured 275 Malaysian global champions from various sectors and industries. Interested companies are encouraged to contact [email protected] for more details.
