GIVEN a simplified and streamlined procedures relating to new investors, the Japanese Ambassador to Malaysia Hiroshi Oka said that the Malaysia can expect a big boost in investment from Japan.
According to Oka, the Japanese government is also promoting new investments into Malaysia, which have lately diversified from conventional electrical and electronics (E&E) sector to include a more varied set of industries.
“There is still room for improvement for these potential new investments to materialise. For example, streamlining and simplifying investment-related procedures, such as setting up a one-stop service centre to facilitate new investments,” Oka told Bernama today.
“Instead of securing many permissions needed for new investments by visiting and consulting with many government offices, which would often turn out to be a time-consuming process, a one-stop service, if established, will handle all the necessary permissions and will be helpful for new investors,” he added.
Oka also proposed for the Malaysian Industrial Development Authority (MIDA) to be the one-stop centre to take care of the myriad of procedures and bureaucracy to facilitate newcomers.
Additionally, he mentioned that the government of Japan, the Japan External Trade Organisation (JETRO), and the Japan Chamber of Trade and Industry, Malaysia (JACTIM) had been working with the Malaysian government and agencies to help Malaysian small and medium enterprises (SMEs) introduce digital technologies to improve their productivity.
Last year alone, 10 seminars were conducted by JETRO and SIRIM with the cooperation of Japanese companies throughout the country by sharing their own expertise and experience on the use of digital technologies.
“We are now entering the second phase of this sharing process. We are looking towards to successful cases of introduction of digital technologies by Malaysian SMEs,” he said. – Oct 12, 2020
