The National Policy on Industry 4.0 known as Industry4WRD is set to drive Malaysia to become a strategic partner for smart manufacturing and related services in the Asia Pacific region, a primary destination for hi-tech industries and a total solutions provider for advanced technology.
Prime Minister Tun Dr. Mahathir Mohamad said Industry4WRD is Malaysia’s response to Industry 4.0 and beyond, which calls for a transformation of the manufacturing sector and its related services to be smarter and stronger and to be driven by people, process and technology.
Tun M said at the launch of Industry4WRD that manufacturing firms can no longer reap the same yields as in previous decades, if they continue to rely on capital and labour as productivity levers. Therefore, Malaysia needs to quickly embrace Industry 4.0 to propel productivity and further enhance competitiveness.
He also said a strong manufacturing sector would pave the way to enhance productivity, job creation, innovation capability, high-skilled talent pool, economic prosperity and societal well-being. Manufacturing firms in Malaysia, especially Small and Medium Enterprises (SMEs), has the potential to gain advantage from the adoption of Industry 4.0.