A Webinar on Go Global: Market Access Facilities and Incentives, a collaboration effort between SIRIM dan MIDA has been held on 21 July 2020, from 10 am to 1 pm. The webinar which was transmitted via FB live platform and Zoom, had captured 2,800 views.
Three topics were presented at the event – Market Access Consultancy Program by SIRIM STS; Market Access Facilities and Incentives by MIDA; and Automation Capital Allowance (ACA) – Verification of Machines, a paper by Machinery Technology Centre, SIRIM Berhad.
The objective of the event was to share on how MIDA and SIRIM could help facilitate the Malaysian companies to expand their business towards becoming global players.
The highlight of SIRIM STS paper which was presented by Ms Salmah Mohd Nordin, was on how the company could assist businesses to increase productivity and market access through understanding of technical trade requirements and implementation of Standards, Quality and Technology. Market access services provided by SIRIM STS consist of the following components:
- Trade Regulatory & Technical Information
- Product Standards Compliance
- Product Technical Consultancy
- Advisory on Conformity Assessment
Applicants of the consultancy service can choose any of the above components or combinations thereof.
The second paper presented by Ms Zetty Hamimi Zakaria, Director of MIDA Negeri Sembilan, detailed out the following services provided by the organisation – project/product promotion, approval and implementation. Ms Zetty highlighted the investment opportunities and incentives provided by MIDA, which include domestic investments strategic funds (DISF), Industry 4WRD Intervention Fund and Automation Capital Allowance.
Ms Zuriani Usop of Machinery Technology Centre, SIRIM Berhad, detailed out on joint evaluation by MIDA and SIRIM for the application of Automation Capital Allowance for verification of machines. The ACA objectives are to encourage manufacturing companies to engage in innovative and productive activities; to encourage quick adoption of automation specifically for labour-intensive industries; to spur automation initiatives; and to enhance productivity in the manufacturing sector.
It is hoped that the joint effort by both SIRIM and MIDA could help accelerate the shift of Malaysian companies to higher value-added, high technology, knowledge intensive and innovation-based industries.