To succeed in the current globalising environment the Malaysian SME will need to strive towards achieving greater competitiveness at a global level. There has to be a shift from knowledge based industries to more innovation centeredness.
By leveraging on the core values of creativity, innovation and high skills, our SMEs will make great strides towards creating and building a unique and strong Brand Malaysia.
Green technology is another area of focus as it is undoubtedly the driver for economic growth in the future. For the far sighted SME, Green technology offers opportunities and potential in economic regeneration, innovation, wealth creation and high-paying job opportunities. On its part the government has already rolled out the National Green Technology Policy.
This includes the setting up of a legislative and regulatory framework to support development of green technologies and promotion of a culture of resource use optimisation.
Green Technology to boost Malaysian Economy
We believe this will contribute towards creating fresh opportunities for our SMEs in new green businesses, including manufacture of “green products”. Hence, it makes good economic sense for them to embrace the green concept and to leverage on the opportunities it offers.
Malaysian government is actively pursuing a new economic model to propel Malaysia from a middle income country to a high growth economy. We foresee a future where industries will move up the value chain and intensify mechanisation and automation and decrease dependence on labour-intensive production processes. This should be the way forward for our SMEs.
Our SMEs have the capability and capacity to be global champions as you all have what it takes to become successful globally. We are heartened by these successes of the many SMEs who have, over the years, ventured into the global arena, competed with and, quite often, beat out more established competitors. It bodes well for the future of the Malaysian economy and our SME sector.