News Column

NCER targets RM10b investments in 2014

January 28, 2014

Marina Emmanuel

PUTRAJAYA: PROJECTS in the manufacturing sector will form the bulk of the RM10 billion investments targeted for the Northern Corridor Economic Region (NCER) this year. Along with projects in the tourism and agriculture- related sectors, they will generate a total of 8,000 jobs. Northern Corridor Implementation Authority (NCIA) chief executive Datuk Redza Rafiq said yesterday investment sources are likely to come from Japan , the United States , Europe , South Korea and China . Withoutdivulgingspecificdetails,hesaidthe manufacturing projects will likely involve those in the light emitting diode, medical devices, solar, automotive and aerospace sectors. "But as we look to facilitate the fresh investments, we will continue to focus on human capital development so as to turn the region into a world-class economic zone by 2025," he said after NCIA's 11th council meeting, which was chaired by Prime Minister Datuk Seri Najib Razak . Redza also said four projects, one each in Perak , Penang , Kedah and Perlis, are set to further promote the creation of jobs and investments. The projects would see Inokom Corporation Sdn Bhd , Telekom MalaysiaBhd, B.Braun Medical Industries Sdn Bhd and Yayasan Kemajuan Sosial Malaysia (YKSM) expanding their respective businesses and activities. "We believe that human capital is the most important and vital factor of economic development and NCIA believes that human capital development will pay its dividends in response to that," he said after a document exchange ceremony for four projects. The four projects are: * NCIA, Inokom and the Advanced Technology Training Centre collaborating to train 100 unemployed youths or school leavers in the automotive field; * YKSM providing entrepreneurship training to NCER residents, notably in the Kerian district in Perak on chilli fertigation farming; * B.Braun expanding its operations, including new product development, a research and development centre, capacity expansion and plant upgrades; and, * Telekom Malaysia setting up foundational infrastructure for a high-speed broadband network within Perlis' key economic and industry areas covering parts of Kangar and Arau. Total investments for the four projects have been tagged at RM1.93 billion . The exchange of documents between NCIA and the four companies was witnessed by Najib, Kedah Menteri Besar Datuk Seri Mukhriz Mahathir, Perak Menteri Besar Datuk Seri Dr Zambry Abd Kadir, Perlis Menteri Besar Azlan Man and Penang Chief Minister Lim Guan Eng . Inokom was represented by its managing director Mohd Rizal Jailan , YKSM by its project director Sumathi Jayabalan , Telekom Malaysia Bhd by its group chief executive officer Tan Sri Zamzamzairani Mohd Isa and B. Braun by its senior vice-president and head for centre of excellence (intravenous access) Dr Juergen Schloesser .


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Source: Business Times (Malaysia)


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