Look, industry is a trending word. It is timeless from before to now. Factors influencing the rapid development of the manufacturing sector in Malaysia. Industrial automation Malaysia is good for your business and Malaysia. It has lots of advantages. So, let;s look at the advantages down below shall we?
(1) Deterioration Of Major Commodity Contributions.
The decline in the contribution of major commodities such as agriculture, logging and tin mining was relative to the manufacturing sector. The contribution to GDP before 1990 was from major commodity output. Now the role has been taken over by the manufacturing sector, especially the manufacturing sector. This does not mean that the production of major commodities is declining but because the percentage of production is smaller compared to the contribution of the manufacturing sector.
(2) Government Policy Or Government Policy
The manufacturing sector has been expanded by holding promotions, investment incentives, granting pioneer status, creating free trade zones (FTZs), and other intensive activities as well as improving basic facilities and services. With these incentives, investment from abroad and within the country is increasing in the manufacturing sector and has made the largest contribution to Malaysia’s GDP.
(3) Capital Factor.
Capital fact also plays an important role in developing the manufacturing industry sector in Malaysia. Long -term political stability has attracted foreign capital to invest in various types of manufacturing industries in Malaysia. Local funds from government loans and local financial institutions are also increasing. Factories can be set up in the industrial lines or corridors of the west coast and east coast of Peninsular Malaysia with the available capital.
(4) Technological Factors.
With the advancement of technology, technology transfer, expertise, and R&D in the field of manufacturing in various stages of production will expand this sector. These technological improvements enable factory production to be of better quality and guarantee high demand in the market.
(5) Labor Factors.
The supply of cheap local labor and many particularly those related to production operators became an attraction for investors to invest in the industrial sector. Cheap labor supply will save on the cost of industrial production. The supply of cheap labor in Malaysia, is from the young population who make up a large part of the composition of the Malaysian population. For example, electronics factories use a lot of female labor as production operators.
(6) Market Factors.
The large market size from within and outside the country for manufactured products influenced the development of the manufacturing sector. The market depends on the size of the population, the purchasing power of consumers and the quality of industrial goods produced. The products of industrial goods in Malaysia are not only of good quality but also very competitive to compete in the international market. For example, Malaysia is the largest producer of air conditioners in the world and has a good market in the middle eastern countries. Other products have also been successfully marketed widely in the United States, European and other country markets.
In a nutshell, did you know that The Ministry of Plantation Industries and Commodities (KPPK) will present a report on the state of the country’s palm oil industry at a hearing session following Malaysia’s action against the European Union (EU) on the anti -palm oil campaign. Our industry is growing.