THE Ministry of Investment, Trade and Industry (MITI) has successfully garnered potential investments worth RM1.45 billion and potential exports valued at RM550 million from meetings with Japanese companies during PM’s visit.
These investments are projected to materialise within a three-year timeframe and will contribute to establishing a robust ecosystem in sectors such as semiconductors, renewable energy, and green technology. Some of these projects are pivotal in Malaysia’s journey towards achieving carbon neutrality by 2050.
The companies engaged in discussions include IHI Corporation, Nisshin Oillio Group, Tokuyama Corporation, Sumitomo Corporation, ENEOS Holdings, Mitsubishi Corporation, and Tokyo Gas.
He also highlighted the expansion projects announced by existing Japanese investors across various strategic sectors, reflecting their confidence in Malaysia’s industrial landscape and its transformative initiatives outlined in the New Industrial Masterplan (NIMP) 2030 and the National Energy Transition Roadmap (NETR).
Japan stands as Malaysia’s fourth-largest trading partner and the fourth-largest investor in the manufacturing sector.
As of 2023, a total of 2,810 manufacturing projects with Japanese participation have been implemented, with total investments valued at RM102.11 billion (USD29.67 billion) and creating over 344,120 job opportunities.
