PPIPBM eyeing upping exports by 15%-20% in 2020

KUALA LUMPUR: The Bumiputera Manufacturers and Services Industry Association of Malaysia (PPIPBM) aims to achieve a 15% to 20% increase in exports among its members next year.

Its president, Datuk Azman Yusoff, said the food and beverage (F&B) sector would be the main focus in the association’s quest to take more Bumiputera entrepreneurs to the international stage in 2020.

“Many countries are fond of Malaysia because they see us producing our own products. As a Muslim nation, we see this as a potential in producing halal foods that meet the market demand of these countries,” he told the media on the sidelines of the Post-2020 Budget Forum here on Dec 4.

About 400 participants attended the forum entitled “Driving the Economy of Bumiputera Entrepreneurs” organised by the association.

Azman said about 20% to 30% of the association’s 600 active members have penetrated the international export market, especially in the food manufacturing, healthcare and services sectors.

Besides the F&B sector, he said, the aerospace and education-based technology sectors should also drive exports by 2020, which is currently dominated by the electrical and electronics sector.

“We want Bumiputera entrepreneurs in these sectors to export as our costs are lower than those of other countries,” he added.

Established in 1987, PPIPBM has 1,500 members, comprising SMEs in the manufacturing and service industries. – Bernama

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