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Government Looks To E&E Sector To Contribute RM90 Billion To GNI By 2020 [02-03-2011]  
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The government is hoping to revitalise Malaysia's Electrical and Electronics (E&E) sector and increase its contribution to the Gross National Income (GNI) by RM53 billion to reach RM90 billion by 2020.

Deputy Prime Minister Tan Sri Muhyiddin Yassin said this would provide an additional 157,000 high-skilled and medium-skilled jobs.

He said he hoped the pro-business environment in Malaysia, will continue to attract more forward-looking multinational investors.

"As such, Malaysia has identified 15 high value added Entry Point Projects (EPP) in the E&E sector under the Economic Transformation Programme (ETP).

"Ultimately, we aim to strengthen Malaysia's E&E capabilities across the value chain," he said when launching the AMD Global Services Centre, here Tuesday.

Muhyiddin said within the short span of the ETP thus far, the government has already announced 37 private investments projects, under 27 EPP areas.

"These projects involve a total investment commitment of RM80 billion to be implemented in the 10th Malaysia Plan period," he added.

He said about 32 per cent of the EPP, representing about RM120 billion of GNI contribution, requires direct investments in human capital.

"In addition, almost all other EPP will require human capital investment indirectly, as the majority of the 3.3 million jobs created are in middle and high-income categories.

"Naturally, the government welcomes participation from the private sector, to exponentially grow the required highly skilled talent pool," he explained.

According to Muhyiddin, AMD was in a unique position, that allowed the company to actively participate in human capital building in three of the NKEAs -- E&E, business services and education.

He also said with the opening of the Global Services Centre in Cyberjaya, AMD Malaysia's achievements now include an all important role of supporting AMD Worldwide.

He said AMD Malaysia via this expansion would be at the forefront of the creation of another significant service sector in Malaysia, Knowledge Process Outsourcing (KPO).

"I understand that several market estimates have indicated that the global KPO industry market size could reach between US$12 billion to US$17 billion in revenue worldwide by 2012," he highlighted.

He said AMD's timely move to expand into the advanced and specialised KPO would provide an ideal platform for the development of human capital in Malaysia.

"In the long run, Malaysia's talent pool should be able to perform tasks such as market research, business data analytics and competitive intelligence and Research & Development (R&D)," he added.

Muhyiddin said Malaysia's KPO potential could be crystallised further by attracting companies beyond the Information and Technology (IT) sectors, such as financial services, transportation and logistics.

Source:BERNAMA
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