Benefits

The Government of Malaysia is committed in developing national technology, industry and economy for the purpose of improving Malaysia’s competitiveness in the global market, supported by a holistic economic view and systematic development strategy. This effort is vital to sustain requirements in materializing the New Economic Model and high-income community development agenda.

In support of that, the Government of Malaysia is leveraging on the ICP platform as one of the strategies and has established a policy applied to all Government procurement related to activities, supply and service work. ICP shall be implemented through activities that add value to a procurement made by the Government of Malaysia, with an effective cost.

ICP shall be used as an economic tool to:
Develop knowledge based economy through technology acquisition and commercialization as well as relevant resources development;
Create competitive economy by positioning local product into global supply chain leveraging the foreign suppliers platform which is faster than the normal commercialization method;
Contribute to the socio economic development aligns with the national economic development agenda;
Contribute to increase of jobs opportunities and create competitive platform for contract manufacturing.

ICP Programme: Wealth Creation

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