CYBERJAYA – Malaysia cannot afford to fall behind in the rapidly evolving digital and technological era, so innovation activities must be prioritised in order to boost the country’s economic growth, said Prime Minister Datuk Seri Anwar Ibrahim.
In fact, Anwar, who is also finance minister, said efforts to promote local innovation and technology should be intensified so that Malaysia can compete with neighbouring countries and on the global stage.
In his speech read out by Science, Technology and Innovation Minister Chang Lih Kang at the closing ceremony of InnoEx 2023 here today, Anwar said Malaysia should learn from other countries in promoting innovation activities.
China, for instance, has increased its innovation efforts, and in 2020, the Information Technology and Innovation Foundation reported that China’s innovation capabilities had reached approximately 75% of those of the United States, he said.
During the recent Asean-India Summit in Jakarta, Anwar stated that he suggested India’s remarkable success in digital penetration, especially in digital banking and finance in rural areas, be shared to benefit all Asean member countries.
“Taking inspiration from them, we must develop and market local innovative solutions, nurture local talent, and focus on sustainable innovative solutions.
“Industry players must also seek out innovative solutions that can reduce costs, boost efficiency, and ultimately benefit society,” he said.
Meanwhile, Anwar said the data centre industry needs the capability to transition to green energy as it is essential to encourage more sustainable initiatives and, ultimately, neutralise carbon emissions.
He said that under the National Energy Transition Roadmap, the government has outlined efforts to transition to green energy, including involving the automotive sector.
In line with the Madani Economy Framework, Anwar said the government will continue to support the research, development, and commercialisation efforts of local companies and startups to help them achieve greater success and international recognition.
“The government will also facilitate industry investment and support the adoption of technology through automation, artificial intelligence, and machine learning to enhance productivity,” he said.
At the same time, he said the government will also support local talents, particularly innovators, who wish to expand their businesses in the Asean region or beyond.
“It is time for us to uplift and guide our local innovators to make a name for themselves on the regional market and seize all available opportunities.
“We want to elevate the status and dignity of Malaysia so that it becomes an innovative, advanced, and sustainable nation with a society that is knowledgeable and prepared to face future challenges,” he added. – September 9, 2023