Malaysia considers plans for first textile manufacturing base
Malaysia is considering plans to establish the country’s first textile manufacturing hub as part of efforts to revive the industry. The proposal has been drafted by a team from the Ministry of International Trade and Industry, the Malaysian Investment Development Authority (MIDA) and the newly launched Malaysian Fashion, Textile and Apparel Federation (FMFTA).

International Trade and Industry Minister Datuk Darrell Raiking said at the recent launch of the FMFTA in Kuala Lumpur that the Malaysian government is reindustrializing Malaysia’s textile sector and that domestic investors have sufficient capacity to develop this hub. He said he believes there is.

Malaysia is considering plans to establish the country’s first textile manufacturing hub as part of efforts to revive the industry. The proposal has been drafted by a team from the Ministry of International Trade and Industry, the Malaysian Investment Development Authority (MIDA) and the newly launched Malaysian Fashion, Textile and Apparel Federation.

According to Malaysian media reports, FMFTA pro-tem committee chairman Datuk Seri Tan Tiang Por said the federation proposed that the hub should be allocated between 600 and 1,000 hectares of land.

Mr Tan said the federation is also proposing to establish hubs in the least connected provinces. logistics services. He said the project would in turn boost the economic development of the selected states.

Mr Tan said it may be difficult to get local companies to relocate their existing operations, but companies will be able to compensate with sufficient incentives.

The hub could be managed by FMFTA or industry stakeholders through a public-private partnership with the government, he added.

of Textile and apparel industry is MalaysiaIt is the 11th largest manufacturing industry in the country, with over 155,000 employees and an export target of RM24 billion by 2020.

As of December 2018, a total of 1,195 textile and apparel projects were implemented in the downstream and upstream segments, worth a total of RM12.6 billion.

In the first half of 2019, MIDA approved additional investment of RM94.4 million in five projects, with RM120 million still in planning.

Fibre2Fashion News Desk (DS)


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