Malaysia wooing Japanese industries moving out of China

Senior Minister Mohamed Azmin Ali (left) at a press conference after meeting Kedah  Menteri Besar Muhammad Sanusi Md Nor (right) in Alor Star to discuss investment projects for the state. (Bernama pic)

ALOR SETAR: The international trade and industry ministry (Miti) is identifying Japanese companies seeking to relocate their operations from China. It wants to invite them to invest in Malaysia.

Minister Mohamed Azmin Ali said this following Japan’s decision to help its manufacturers shift production out of China or relocate their operations to other countries in response to the Covid-19 impact.

“Miti will strive to convince Japanese investors to use Malaysia as a new investment destination, as well as a hub to penetrate the Asean market, with Asean being home to over 650 million people.

“I believe Malaysia can provide the best infrastructure, stable politics and a skilled workforce.

“We can make Malaysia a new investment destination for companies looking for a place to invest,” he told reporters after calling on Kedah Menteri Besar Muhammad Sanusi Md Nor at Wisma Darul Aman here today.

Azmin said Miti’s focus was on high-tech industries that would create better employment opportunities for local workers.

“Of course, we no longer want industries that depend on foreign workers.

“We seek high-tech industries as this will give our workforce, especially young people, the chance to get better jobs and higher incomes,” he said.

On his meeting with the Kedah MB, Azmin said they discussed Kedah’s investment direction and ascertained how the state’s manufacturing industry could resume operations at its maximum capacity.

“We also talked about Kedah’s development as several previously approved projects need to be continued, subject to the country’s financial position.

“We also discussed how we can bring new investments into Kedah as the state has the potential to attract new high-tech investments that are not dependent on foreign workers,” he said.

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