Lima '23: Space Tech Nexus A Testament To Govt's Commitment To Boost Regional Space Industry

LANGKAWI, May 24 (Bernama) -- The introduction of the space segment known as Space Tech Nexus at Langkawi International Maritime and Aerospace Exhibition 2023 (LIMA'23) is a testament to government's commitment to boosting the regional space industry to a global level.

Science, Technology and Innovation Minister Chang Lih Kang said the various programmes and activities under the Space Tech Nexus are hoped to intensify the growth of the local space industry which in turn will further contribute to the achievement of targets under the National Space Policy 2030 and the Malaysia Space Exploration Action Plan 2030. 

“Featuring the space segment in LIMA ‘23 can internationalise the local space industry sector while simultaneously boosting the growth of the country's space economy. 

“This development coincides with the country's plans to become a regional space economic hub.

“Malaysia aims to generate RM10 billion in revenue from the space industry, or one per cent of Growth Domestic Product (GDP) by 2030,” he said in his speech during the launch of Malaysia Space Industry Strategic Plan 2030 (SISP 2030) and Langkawi International Space Forum by Deputy Prime Minister Datuk Seri Fadillah Yusof here today.

Among the programmes under the Space Tech Nexus segment are bilateral talks, ASEAN Head of Space Agency Roundtables, Malaysia Space Agency (MYSA)-Space Generation Advisory Council (SGAC) Youth Leader in Space Roundtable, an exhibition of the latest space technology, space defence seminar and space camp.

-- BERNAMA