Ncia Confident Of Perlis’ Growth Trajectory As Interest In Cvia Gain Momentum

KANGAR, April 14 (Bernama) -- Northern Corridor Implementation Authority (NCIA) is confident of Perlis' growth trajectory as in interest in the Chuping Valley Industrial Area (CVIA) gain momentum based on Malaysia External Trade Development Corporation (MATRADE) report for total Malaysia's trade with Thailand last year.

NCIA in a statement today said CVIA stands to benefit from Malaysia’s increase in total trade with Thailand that hit RM112.42 billion from January to November 2022, an increase of 27.4 percent for the same period in 2021 as reported by MATRADE. 

The statement mention NCIA Chief Executive Mohamad Haris Kader Sultan said that with the development of CVIA, Perlis has the potential to be a leader in cross border trade, especially as a gateway for Malaysia’s exports to Thailand, Vietnam, Myanmar, Cambodia and Lao PDR as well as China.

"This potential is further boosted by the advancement in technology as well as the boom in cross-border e-commerce activities," said the statement.

The statement also said NCIA is indeed committed to working closely with the Perlis state government to facilitate in the socioeconomic growth of Perlis with not just CVIA, but together with the Northern Corridor Economic Region (NCER) AgriBio Economic Zone (NAEZ) and the Perlis Inland Port (PIP) as a logistics hub.

Earlier today, the Perlis state government meet the NCIA during the Perlis State’s Steering Committee (JPN) chaired for the first time by Perlis Menteri Besar Mohd Shukri Ramli.

The statement said, speaking after the meeting, Mohd Shukri congratulated NCIA on its efforts in developing CVIA to leverage on Perlis’ position near the Thai border. 

The statement mention Mohd Shukri indeed pleased with the ongoing progress of CVIA as well as NCIA’s efforts in developing a sustainable talent ecosystem in Perlis and this will in turn provide investment opportunities for local and foreign companies to take advantage of the cross-border trade potential in Perlis.

Perlis Menteri Besar confident that together with NCIA, the state will be able to attract quality investors to catalyse the transition of Perlis from an agronomic state to a border state economy and accelerate socioeconomic growth.

-- BERNAMA