PETALING JAYA: Malaysia is aiming to become the hub of Industry 4.0 in South-East Asia.
Prime Minister Tun Dr Mahathir Mohamad said Malaysia is now ready to adopt Industrial Revolution 4.0 and cope with the new evolving technologies.
“With our National Policy on Industry 4.0 launched last year, we aim at driving Malaysia towards becoming the Industry 4.0 hub in South-East Asia.
“Our Industry4WRD policy aims at increasing productivity in the manufacturing sector per person in Malaysia by 30% from RM106,647.
“This would elevate the absolute contribution of the manufacturing sector to our economy by 54% from RM254bil to RM392bil, ” he said in his keynote address at the International Conference on Industry 4.0: A Global Revolution Towards Business, Technology and Productivity at Segi University today.
Dr Mahathir said Industry 4.0 would transform the labour market into a skill-centric force.
Technologies such as the Internet of Things, Advanced Robotics, Artificial Intelligence and Additive Manufacturing are contributing factors to generate an increase in net productivity, he was quoted as saying by The Star Online.
“We need to take the Industry 4.0 transformation seriously. That way we can remain competitive and relevant in the international equation,” he added.