KUALA LUMPUR (Feb 23): The Ministry of International Trade and Industry (MITI) has decided to review the New Industrial Master Plan 2030 (NIMP 2030) to propel industrial development and help Malaysia to achieve high-income status.

In a statement on Thursday (Feb 23), the ministry said the review would be undertaken by a special task force to be chaired by International Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, with Deputy International Trade and Industry Minister Liew Chin Tong as the alternate chair.

“The secretariat for this task force will be led by the secretary general of the ministry,” it said. 

The task force’s first meeting was held on Thursday, and the revised NIMP 2030 is expected to be completed in the third quarter of 2023. 

According to the ministry, the reviewed NIMP 2030 would articulate a set of comprehensive strategies and action plans to ensure synergies at both the policy and industry levels, particularly in creating supportive ecosystems to help catalyse Malaysia’s industrial development into the future.

“Post review, the NIMP 2030 will be the main reference document in charting the future of Malaysia’s industrial development until 2030,” it said.