KUALA LUMPUR: The successful implementation of the New Industrial Master Plan 2030 (NIMP 2030) is a collaborative effort requiring not only government commitment but also the active involvement of industry players and the public, an economist said.
Professor Tan Sri Noor Azlan Ghazali said all ministries, government agencies, industry players, and the public must understand their roles to ensure the country's fourth industrial master plan achieves its desired targets and goals.
"It is important for everyone to realise that the success of NIMP 2030 does not solely depend on the Investment, Trade, and Industry Ministry (MITI).
"This is not a plan to develop MITI but rather a plan to develop industries in the country.
"From the beginning, the nature of NIMP 2030 is that it adopts a 'whole-of-nation' approach, which requires a collective effort," he said in a post on his social media account.
Noor Azlan, a professor of finance at Universiti Kebangsaan Malaysia (UKM) and a member of the NIMP 2030 special team, also stressed the importance of mobilising and executing the plan's implementation while ensuring proper monitoring.
The NIMP 2030 aims to revitalise the country's manufacturing sector and increase its value-added turnaround to RM587.5 billion by 2030. It was unveiled by Prime Minister Datuk Seri Anwar Ibrahim yesterday.
Anwar, who is also the Finance Minister, said the NIMP 2030 is the key component of the unity government's Madani Economy: Empowering the People" framework.
Costing RM95 billion in total investment over its period of implementation, Anwar said the NIMP 2030 is expected to generate new employment opportunities for 3.3 million people in the country by 2030.
The NIMP 2030 outlined four missions, which are to advance economic complexity, tech up for a digitally vibrant nation, to strive for net-zero future and to safeguard economic security and inclusivity.
These missions will be supported by four enablers which are to mobilise the financing ecosystem, foster talent development and attraction, strengthen best-in-class investor journey for ease of doing business and to introduce a whole-of-nation governance framework.