MITI and MIDA Collaborate to Establish Star Rating System for Industrial Parks
The Ministry of Investment, Trade and Industry (MITI) and the Malaysian Investment Development Authority (MIDA) are joining forces with SIRIM Bhd to establish a star rating system for industrial parks in Malaysia. This initiative aims to ensure that every industrial park in the country meets "acceptable standards," said MITI Deputy Minister Liew Chin Tong.
Evaluating Industrial Parks
The star rating system, expected to be established next year, will evaluate four key parameters: planning and management; infrastructure and business competitiveness; environmental sustainability; and social responsibility. These measures will ensure that every industrial park in Malaysia meets acceptable standards and call out those that do not meet the standards.
MYSite Selection Portal
The digital portal developed by MIDA is set to revolutionize industrial site selection in Malaysia. The portal combines advanced geospatial analytics with comprehensive industrial data, offering investors an unprecedented tool for location decision-making. Users can access real-time information about industrial parks across all Malaysian states, complete with infrastructure details, connectivity options, and sustainability metrics.
Key Features
The portal’s standout features include:
- Intelligent filtering systems for precise location matching
- Real-time analytics and data visualisation
- Comprehensive geospatial mapping
- User-friendly interface for seamless navigation
Malaysia Industrial Park Directory
In addition to the digital platform, MIDA and the Federation of Malaysian Manufacturers (FMM) launched the Malaysia Industrial Park Directory, a comprehensive directory providing detailed information about industrial parks across the country. This directory is designed to facilitate the identification of optimal locations for industrial parks and support the establishment of smart factories and other high-value investments.
Federation of Malaysian Manufacturers’ Perspective
FMM President Tan Sri Soh Thian Lai emphasized the importance of leveling up the playing field for small and medium enterprises (SMEs) by collaborating with advanced players like China, Japan, South Korea, and the European Union. This would enable SMEs to improve their efficiency, productivity, and adoption of the latest technology, reducing their reliance on foreign workers while tapping into international markets.
Conclusion
The MYSite Selection Portal and Malaysia Industrial Park Directory are expected to revolutionize industrial site selection in Malaysia, providing investors with a transparent and detailed assessment of industrial parks across the country. These initiatives will facilitate the identification of optimal locations, support the establishment of smart factories and other high-value investments, and promote sustainable development in the country.
FAQs
- What is the MYSite Selection Portal?
The MYSite Selection Portal is a digital platform that combines advanced geospatial analytics with comprehensive industrial data, offering investors an unprecedented tool for location decision-making. - What are the key features of the portal?
The portal’s key features include intelligent filtering systems, real-time analytics, comprehensive geospatial mapping, and a user-friendly interface for seamless navigation. - What is the purpose of the Malaysia Industrial Park Directory?
The Malaysia Industrial Park Directory is a comprehensive directory providing detailed information about industrial parks across the country, designed to facilitate the identification of optimal locations and support the establishment of smart factories and other high-value investments.