KUALA LUMPUR: The Investment, Trade and Industry Ministry (Miti) is aiming for 100 local technology companies with an annual revenue of RM1bil by 2030, says Deputy Minister Liew Chin Tong.
He said the government would continue to support local companies in research and development and innovation by providing assistance to small and medium enterprises (SMEs) nationwide.
“Various types of assistance are being provided by Miti and its agencies including financing assistance, advisory services and business guidance to strengthen the SME value chain,” he said in winding up the debate on the motion of thanks for the royal address in the Dewan Rakyat yesterday.He was responding to Datuk Seri Amirudin Shari’s (PH-Gombak) proposals to enhance collaborations among states and expand the market especially for SMEs by building a national innovation system.
Miti, through the Malaysian Investment Development Authority, is spearheading efforts to boost collaborations in Selangor, Kuala Lumpur, Melaka and Negri Sembilan. — Bernama