KUALA LUMPUR (July 1): The Ministry of Investment, Trade, and Industry (Miti) is in the final phase of finalising the supply chain mapping for six main sectors, said Miti Deputy Minister Liew Chin Tong.

According to Liew, the six sectors are pharmaceuticals, medical devices, electrical and electronic, automotive, food processing, and personal protective equipment.

"This effort is part of the ministry's initiative to establish sustainable and resilient supply chains, as outlined in one of the four missions of the New Industrial Masterplan 2030 (NIMP 2030), which focuses on safeguarding economic security and inclusivity," Liew told the Dewan Rakyat on Monday during an oral quation-and-answer session.

He said that NIMP 2030, launched by the government in September last year, adopts a mission-based approach with 21 strategies and 62 action plans spread across four missions. The ministry, serving as the implementation coordinator, has identified 10 key action plans.

The four missions aim to advance economic complexity, foster a digitally vibrant nation, achieve net zero emissions, and ensure economic security and inclusivity.

Under the mission to advance economic complexity, Liew highlighted the launch of the National Semiconductor Strategy (NSS) in May to develop the semiconductor and electronics ecosystem and attract foreign investment. Additionally, the government launched the Chemical Industry Roadmap in August 2023 to support the specialty chemicals subsector.

Regarding the mission to foster a digitally vibrant nation, Liew said there are ongoing improvements to the readiness assessment programme under the National Policy on Industry 4.0 (Industry4WRD), which aims to establish 3,000 smart factories by 2030.

"Miti is currently finalising the TechUp programme in collaboration with SIRIM Bhd, the Federation of Malaysian Manufacturers (FMM), and financial institutions to facilitate these efforts," Liew added.

Concerning the mission to achieve net zero emissions, Liew said that Miti is conducting a study on sectoral decarbonisation pathways, slated for completion by November 2024. Concurrently, efforts involving multiple ministries and agencies are underway to develop carbon capture, utilisation, and storage (CCUS) as a new economic resource.

Liew also noted that the CCUS Bill is anticipated to be tabled in Parliament by the end of 2024, as a steering committee led by the Ministry of Economy examines various aspects of CCUS ecosystem development.

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