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On 1 September 2023, Malaysia unveiled the New Industrial Master Plan (NIMP) 2030, a ground breaking initiative under the MADANI Economy framework designed to reshape the nation's manufacturing and industrial sectors over the next seven years (mida.gov.my). Marking a departure from sector-based models, NIMP 2030 embraces an integrated, mission-driven strategy to catalyse high-impact industrial transformation (theedgemalaysia.com).

Ambitious Macroeconomic Targets
NIMP 2030 sets compelling goals for industrial growth by 2030:

• Manufacturing value-added is projected to rise 61%, reaching RM587.5 billion, at a CAGR of 6.5% (mida.gov.my).
• Employment in manufacturing is expected to grow by 20%, hitting 3.3 million workers and a CAGR of 2.3% (27.group, hlb.com.my).
• Median manufacturing wages are set to soar by 128%, from RM1,976 in 2021 to RM4,510 by 2030, equivalent to a 9.6% annual growth rate (27.group).

Four Strategic Missions
Rather than a traditional sectoral layout, NIMP 2030 is structured around four interconnected missions:
1. Advance Economic Complexity – Elevate production quality, foster innovation, and promote industries like aerospace, pharmaceuticals, medical devices, and IC design (roedl.com).
2. Tech Up for a Digitally Vibrant Nation – Prepare industries for digitally-led growth through automation, AI, smart manufacturing initiatives (e.g., 3,000 smart factories), and digital infrastructure (dig.watch).
3. Push for Net Zero – Drive decarbonisation, renewable energy adoption, electric vehicles, and green manufacturing to align with a 2050 net-zero pledge (roedl.com).
4. Safeguard Economic Security & Inclusivity – Strengthen supply chains, enhance SME and marginalised participation, reduce regional disparities, all while building resilience against global disruption (roedl.com).

Comprehensive Structure & Enablers
Supporting these missions are:
21 strategies and 62 action plans spanning 21 sectors, including key focus areas like E&E, chemicals, aerospace, advanced materials, and healthcare (nimp2030.gov.my, acccimserc.com).
Four strategic enablers ensure smooth implementation:

•   Financing ecosystem (via CoSIF and NIDF)
•   Talent development & attraction
•   Streamlined investor journey
•   Whole-of-nation governance framework (mida.gov.my, hlb.com.my)

A total RM95 billion is expected to be mobilised, with approximately RM8.2 billion allocated via government-backed funding vehicles (27.group).

A “Whole-of-Nation” Execution Model
NIMP 2030’s governance is built for collaboration and accountability:

• A three-tier structure includes the National Council (Prime Minister-led), a Steering Committee (MITI-led), and engagement with private sector actors and state-level stakeholders (nimp2030.gov.my).
• Emphasises monitoring and deliverables, aiming to avoid the implementation gaps seen in previous industrial plans (fulcrum.sg).

Why NIMP 2030 Matters
Transformation, Sustained Growth, and Equity:

• Moves Malaysia beyond being a manufacturing hub into a knowledge and high-value industrial ecosystem.
• Aligns with global shifts, supply chain diversification, digital transformation, sustainability, with resilience at its core (miti.gov.my).
• Raises living standards and workforce quality through access to better jobs and wages.
• Calls for bold, coordinated public-private action under a unified national vision.

Be part of the conversations shaping Malaysia’s industrial future. Join us at the Selangor TechSphere Summit 2025 to explore NIMP 2030 strategies in action.