KUALA LUMPUR, Oct 17 — Budget 2024’s allocation of RM200 million to catalyse the New Industrial Master Plan (NIMP) 2030 will boost industrial transformation, said...
Tengku Zafrul said the allocation will be channelled through two funds, namely the NIMP 2030 Industrial Development Fund and NIMP 2030 Strategic Co-Investment Fund. — Bernama picKUALA LUMPUR, Oct 17 — Budget 2024’s allocation of RM200 million to catalyse the New Industrial Master Plan 2030 will boost industrial transformation, said Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz.
The NIMP 2030 was launched on September 1, 2023, to provide national strategic direction for industrial development policies in Malaysia. “We are talking about the whole ecosystem. Many of the world leaders in pharmaceuticals, including medical devices, are here in Malaysia, including Penang and Johor.
The government also plans to extend individual income tax relief up to RM2,500 for EV charging facility expenses for four years and tax deductions for EV rental costs for another two years.
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