Malaysia secures RM2.35b German investments

FRANKFURT: Malaysia has attracted RM2.35 billion in investments from Germany during the its recent investment mission here.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the bulk of the investments were from the renewable energy sub-sector and the semiconductor sub-sector.

Other areas included oil and gas, chemicals and advanced machinery, he said.

Mustapa was in Dusseldorf and here to hold discussions with existing investors in Malaysia on their operational issues, and expansion plans for those who are on their second wave of major technology transfer to the Asian region.

He chaired a one-day seminar in Dusseldorf, which saw 220 participants from the machinery, palm oil, green technology, electrical and electronics (E&E) and medical devices and consumer electronics sectors.

The minister also met with officials from firms with manufacturing operations in Malacca, Pahang, Sarawak, Johor, Penang and Selangor.

Malaysia is targeting quality investments from Germany, the powerhouse of Europe, as it provides quality jobs to Malaysians.

Mustapa said Malaysia remains attractive to foreign investors.

The 2015 Budget provides enhanced special incentive packages for quality investment projects that provide highly qualified and knowledgeable employees with high salaries.

Malaysian Investment Development Authority also held a trade and investment seminar in Munich, led by its chairman Tan Sri Amirsham A. Aziz.

At the two seminars, many enterprises showed interest in expanding their operations in Malaysia, including establishing research and development facilities and upgrading supply chain management, which would lead to more high-level jobs.

source by:http://www.nst.com.my/node/44465