More Than 10 Companies Looking At Investing In Silver Valley Technology Park - MITI

KUALA LUMPUR, Oct 17 (Bernama) -- More than 10 companies have visited and initiated discussions on potentially investing in the Silver Valley Technology Park (SVTP), Perak, from the beginning of 2023 to the third quarter (3Q) of 2024, said the Ministry of Investment, Trade and Industry (MITI).

MITI said that China's Jinjing Silicon Technology has committed to invest RM40 million in SVTP on a project to manufacture high-quality glass for solar energy systems.

"Currently, the project is 20 per cent completed, and it is estimated to be completed by 4Q 2025," the ministry said in its written response posted on the Parliament's website today.

MITI was responding to a question from Lee Chuan How (PH-Ipoh Timur) concerning plans to attract industries to SVTP while waiting for the Kerian Integrated Green Industrial Park (KIGIP) to be operational.

Regarding KIGIP, MITI acknowledged that comprehensive efforts to realise the green industrial park had been taken through close cooperation between the federal government, the Perak state government, SD Guthrie and Permodalan Nasional Bhd since its announcement in Budget 2024.

The ministry said among the steps taken is to promote KIGIP's potential as a preferred investment destination for investors. 

"The government believes that KIGIP, based on a green and smart industrial park concept, can generate economic activities and create job opportunities for high-skilled talents.

"The park is expected to attract quality investments, especially in the electrical and electronic, semi-conductor, logistics, information technology and communications sectors, as well as knowledge-based industries," it added.

-- BERNAMA