KPT – MIDA Inks MOU To Strengthen Industry Competitiveness Through Local Talent Development

In line with the aspirations of the MADANI Economy, the New Industrial Master Plan 2030 (NIMP 2030) and also the Malaysian Higher Education Action Plan 2022 – 2025 which aims to create graduates and skilled talent to crown Malaysia among the 30 largest economies in the world by 2033, a Memorandum of Understanding (MOU ) between the Ministry of Higher Education (KPT) and the Malaysian Investment Development Authority (MIDA) was signed on May 7.

This event also saw the launch of the MoHE Research and Industry Infused Incubator (MRI3) portal. This MRI3 portal is a collaboration of the Universiti Malaysia Electrical and Electronics Consortium (CEE) which consists of 19 public universities together with 27 companies to develop talent with knowledge and skills that coincide with the needs of the electrical and electronics (E&E) industry.

The MRI3 portal also allows the industry to advertise industry training offers, list of final year project focus areas and screen students. While for students, they can make an application and upload a resume through this portal.

Both of these initiatives are part of efforts to address the issue of mismatch between the skills possessed by the generated workforce and industry needs, as well as help ensure job security and marketability of graduates with better wages.

Through this effort, MIDA and KPT will continue to strengthen cooperation to meet the demand for skilled labour required by the industry.

The signing ceremony also witnessed the exchange of an MOU based on skilled workforce development between KPT and three leading companies involved in the high-tech industry, namely Micron Memory Malaysia Sdn Bhd, Stellantis Gurun (Malaysia) Sdn Bhd and Inari Technology Sdn Bhd.

 This collaboration is a continuous effort by KPT and MIDA in boosting collaboration between the academic and industry sectors to increase the marketability of graduates and the competitiveness of Malaysian industry.

Among the areas of cooperation that have been agreed in the MOU include the development and improvement of program modules, professional training and certification, knowledge and expertise sharing as well as research and innovation.

In the meantime, with the existence of this collaboration, KPT and MIDA can further strengthen the goal of the country’s national agenda to increase Malaysia’s competitiveness globally in addition to being able to create a dynamic ecosystem to unearth local talent and encourage socio-economic development to drive the growth of the country’s industry.

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