Setting the pace for tomorrow's economy
Malaysia’s New Industrial Master Plan 2030 (NIMP 2030), launched by Prime Minister Datuk Seri Anwar Ibrahim in September 2023, is progressing toward key targets, including RM587.5 billion in manufacturing value-added and 3.3 million jobs by 2030, with early data showing growth in GDP contribution, employment, and median salaries. Challenges like SME digitalization and skilled labor shortages are being addressed through initiatives such as the RM131.5 million NIMP Strategic Co-Investment Fund and flagship projects like Perodua’s completed EV development and the National Carbon Capture Pilot Project.
Malaysia’s New Industrial Master Plan 2030 (NIMP 2030), introduced by Prime Minister Datuk Seri Anwar Ibrahim on September 1, 2023, is advancing toward its 2030 goals of RM587.5 billion in manufacturing value-added and 3.3 million jobs. The plan focuses on high-impact sectors like electrical and electronics, pharmaceuticals, aerospace, electric vehicles, renewable energy, and advanced materials. As of the second quarter of 2025, the manufacturing sector’s GDP contribution grew by 3.7% to RM96.9 billion, employment rose by 27,000 to 2.83 million, and median salaries increased by 5.4% to RM2,490. Key initiatives under NIMP 2030 include the Smart Tech-Up and Recognition Programme, which has recognized 42 smart factories, and the completed Perodua Q-EV launch on December 1, 2025. The National Carbon Capture Pilot Project is progressing through its Front-End Loading (FEL) 2 engineering study phase. Challenges remain, particularly in SME digitalization, where high costs and uncertainty hinder adoption. To address this, the Investment, Trade and Industry Ministry (Miti) launched the RM131.5 million NIMP Strategic Co-Investment Fund (CoSIF) in February 2025 to co-invest in high-impact projects. Deputy Secretary-General Datuk Hanafi Sakri emphasized the plan’s role in fostering an adaptive, innovative industrial ecosystem. NIMP 2030’s mission-oriented approach prioritizes inclusivity, aiming to elevate Malaysia’s global competitiveness through productivity-driven wage growth and sustainable industrial growth. The plan’s early momentum suggests it is on track to meet its targets, though sustained efforts are required to overcome structural challenges.
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