|COVID–19 NEWS||COVID: Birthday celebration could have created new cluster in Ranau | COVID: 98.3 per cent of 5,726 new cases in categories one and two - Health DG | India reports 12,428 new COVID-19 cases, lowest in 238 days | Malaysia records declining trend in COVID-19 cases since 34th epidemiology week - DG | COVID: Only 12 positive cases in Sarawak needing respiratory support ||
KUALA LUMPUR, April 11 (Bernama) -- Small and medium enterprises (SMEs) should capitalise on the RM517 million funding made available by Malaysian Industrial Development Finance Bhd’s (MIDF) and Malaysian Technology Development Corporation (MTDC) under the Soft Loan Scheme for Automation and Modernisation (SLSAM).
Group managing director Datuk Charon Wardini Mokhzani said since 2007, MIDF had approved RM2.2 billion in loans under SLSAM for 350 local SMEs.
He said SLSAM, which is the biggest in terms of fund size among six schemes managed by MIDF, is aimed at helping local manufacturers adopt automation in their production process and supporting their journey towards the fourth industrial revolution (Industry 4.0).
Charon Wardini was speaking to reporters after the signing of a memorandum of understanding (MoU) between MIDF and Malaysian Technology Development Corporation (MTDC) to promote Industry 4.0 and funding facilities for local SMEs through various financial assistance packages.
He said the partnership signified MIDF’s efforts and commitment to the companies within MTDC's ecosystem to increase their capabilities by upgrading and upscaling their services, or manufacturing infrastructure and facilities, to accelerate greater productivity growth.
MTDC chief executive officer Datuk Norhalim Yunus said both agencies would facilitate sharing of information on SMEs in order to strengthen and to enhance the skills and development of these companies.
“This collaboration marks another milestone for MTDC. We will identify those SMEs who can adapt and come up with products in line with Industry 4.0 and work together with MIDF in the important area of providing financial and advisory services to them,” he said.
Norhalim said MTDC, in its role as the strategic enabler for Industry 4.0, encouraged local SMEs to be innovative and develop the technology capabilities needed to achieve these new industry standards.
“MTDC will be sharing its expertise on the development of technology, technology transfer and commercialisation,” he said, adding that SMEs would also have the access to local Industry 4.0 solution providers via MTDC’s centre of nine pillars.
Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at www.bernama.com ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial