Putrajaya, 7 April 2016 – A Memorandum of Understanding (MoU) document exchange ceremony was held today between Technology Depository Agency Berhad (TDA) and 12 organizations consists of Government Agencies and industry players (local and international) at the Marriot Hotel, Putrajaya. Part of the MoUs signed involved Foreign Direct Investment (FDI) which targets potential local companies as investment platforms with a goal to strengthen the local capacity, capability and enable sustainable business development. The ceremony was witnessed by the Secretary-General of Treasury, YBhg. Tan Sri Dr. Mohd Irwan Serigar bin Abdullah.
TDA was incorporated as a Company Limited by Guarantee (CLBG) under the auspices of the Ministry of Finance in March 2015. The mandate given to TDA is to ensure that the Industrial Collaboration Program (ICP) implementation is in compliance with the Policy and Guideline of Industrial Collaboration Program (ICP) in Government Procurement published by the Ministry of Finance in 2014.
The MoU marked the beginning of mutual cooperation between TDA and selected 12 industrial companies which are:
The Chief Executive Officer of TDA, Major Zailani bin Safari said that, the MoUs served as platforms to generate mechanisms and programs that support the development of local industries particularly in strategic areas such as aerospace, railway and nanotechnology, aligned with the current national priorities. The identified ICP implementation shall address some fundamental local industrial development needs which include human capital development, technology transfer, R&D, Foreign Direct Investment and market access for Malaysian products. Apart of having support from local industry players, international companies such as BAE Systems and Thales have also shown their interest to help strengthen local industries’ development and facilitate access to global market.
He added that the current ICP implementation in Malaysia has reached a number where it has registered more than 50 programs with 229 projects which shall generate a total economic value of RM40 billion, and scheduled for completion by or before year 2020. Further, more than 100 local companies which the majority are Small and Medium Enterprises (SME) are registered as the ICP recipients / beneficiaries.
With the MoUs signed between TDA and the industry players, it will initiate various activities leading towards economic generation worth more than RM2 billion in the next three (3) years.