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Enhancing Talent Pipelines to Set Course for NIMP 2030 Goals

MEIF Vice President I Prof Datin Lorela Chia and Hon Secretary Carol Ong attended the MOU signing ceremony between the Ministry of Higher Education and the Malaysian Investment Development Authority which marks a significant commitment to enhancing the talent pipeline, aligning with the New Industrial Master Plan 2030.

The shortage of skilled talent has become a constant issue among our investors, both domestic and foreign. This strategic collaboration aims to catalyse national industrial growth by addressing the critical need for a skilled workforce, a cornerstone for achieving the goals of economic complexity, a high-tech industrial ecosystem, and net-zero targets outlined in the NIMP 2030. 

It also ties into the Madani Economy framework and the Malaysian Higher Education Action Plan 2022-2025, with a focus on creating a pool of graduates and skilled professionals to elevate Malaysia into the ranks of the world's 30 largest economies by 2033.

Investments in the industrial sector is one of the most stable job creators for a country. Ministry of Investment, Trade and Industry (MITI) minister Tengku Zafrul Aziz noted that as many as 150,000 job opportunities have been created through 2,386 approved manufacturing projects between 2021-2023. Most of these are for high-income skilled talents for Malaysians, and out of this, more than 83% have already been implemented while another 14% are at the planning stage. These are projects in the production stage, factory construction, or machine/machinery installation, which typically takes 18 to 24 months to implement.

This event also saw the launch of the MOHE Research and Industry Infused Incubator (MRI3) portal, as well as the MOU Exchange for skilled workforce development between MOHE and three leading companies in the high-tech industry, namely Micron Memory Malaysia Sdn Bhd, Stellantis Gurun (Malaysia) Sdn Bhd and Inari Technology Sdn Bhd.

The MRI3 portal is a collaboration of the Universiti Malaysia Electrical and Electronics Consortium (CEE) which comprises 19 public universities and 27 companies to develop talent with knowledge and skills that coincide with the needs of the electrical and electronics industry. The portal also allows the industry to advertise industry training offers, list of final year project focus areas and screen students. While for students, they can make an application and upload a resume through this portal. 

Both of these initiatives are part of efforts to address the issue of mismatch between the skills possessed by the generated workforce and industry needs, as well as help ensure job security and marketability of graduates with better wages.

MEIF whole-heartedly supports this “whole-of-nation” approach to foster a resilient, robust and available industrial ecosystem with world-class talent.

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