Malaysia Productivity Corporation (MPC), serving as the secretariat for the Industry4WRD Steering Committee chaired by Mr. Faizal, Senior Director of the Industry Development Division at the Ministry of Investment, Trade, and Industry (MITI), convened a meeting that commenced with the formal confirmation of the minutes from the Steering Committee (SC) Meeting 3/2024. During this session, the committee meticulously reviewed and ratified the records, ensuring accuracy and completeness.
A detailed presentation was delivered by the Malaysian Investment Development Authority (MIDA), providing an in-depth overview of the current status of the Industry4WRD Intervention Fund approval process as of August 2024. This presentation outlined the key milestones achieved to date and the challenges encountered, thereby offering a thorough understanding of the fund’s progression.
Further into the agenda, the committee reviewed the current status of the agreement between MPC and MITI. This review led to a resolution for MITI to issue an official letter and to proceed with the utilization of the remaining funds allocated to the IIF program, ensuring the effective deployment of financial resources.
Additionally, the meeting included a rigorous examination of the closure report for the RA project. MIDA was tasked with submitting the final report, which MPC was to thoroughly review and summarize, ensuring that all objectives were met and capturing any pertinent insights for future reference.
Attendees:
1)Ministry of International Trade and Industry (MITI)
2) Ministry of Economy (KE)
3)Ministry Entrepreneurship and Cooperative Development (MECD)
4)Ministry of Finance (MOF)
5)Ministry of Science, Technology & Innovation (MOSTI)
6)Malaysian Investment Development Authorities (MIDA)
7)Malaysia Productivity Corporation (MPC)
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