Putrajaya relying on young entrepreneurs to drive nation’s GDP, says Dr M

Dr Mahathir Mohamad.

PETALING JAYA: Putrajaya is pushing strategies to get more youths involved in entrepreneurship to make it contribute up to 50% of the nation’s gross domestic product (GDP) by 2030, Dr Mahathir Mohamad said.

The prime minister said the nation was currently dealing with an unprecedented pace of technological advancements emerging from the Fourth Industrial Revolution.

Countries are dependent on their youths to keep pace and have the capacity to harness these changes and the situation in Malaysia is no different, he added.

Youths, Mahathir said, are better equipped and capable of embracing these new and advanced technologies.

Their adaptability and understanding of these new technologies will see them introduce new economic opportunities and industries.

This, in turn, will see them create new employment and skills that will enrich the nation and open up opportunities on the international stage as well, Mahathir said.

“With these policies in place, we aim to create a culture that encourages entrepreneurs to become job creators and to provide guidance to those working in their respective industries,” he said when opening the “100 Most Influential Young Entrepreneurs Award” in Kuala Lumpur.

Mahathir also said it was important for entrepreneurs to have noble values such as integrity and honesty.

These values, he said, were vitally important if entrepreneurs wish to stay on in their ventures.

“Without these values, success becomes mechanical, bereft of a soul to it.”