Malaysia targeting RM50bil in medical tech exports by 2030, says Zahid
The deputy prime minister says the country must develop technology and own intellectual property rather than just serve as a manufacturing base.
Malaysia aims to boost medical technology exports to over RM50 billion by 2030, compared to RM34.54 billion in the previous year, according to Deputy Prime Minister Ahmad Zahid Hamidi. The government's three primary goals include elevating the sector to a competitive, high-value industry, increasing foreign capital inflow, and fostering local companies capable of competing globally.
Zahid stated that the nation should focus on developing local capabilities, intellectual property, and high-skilled jobs, with at least 10 Malaysian medical technology firms and 50% of new jobs in the sector being administrative, technical, and supervisory roles by 2030. The Deputy Prime Minister emphasized the need for proactive collaboration between industry players and educational institutions to create a capable workforce and relevant training programs.
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- Malaysia targeting RM50bil in medical tech exports by 2030, says Zahid freemalaysiatoday.com
