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National Franchise Policy 2030 expected to generate RM100b sales by 2030, says acting trade minister

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KUALA LUMPUR, Oct 26 — The introduction of the National Franchise Policy 2030 is expected to generate RM100 billion in sales within the franchise industry by 2030. Acting...

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Acting Domestic Trade and Cost of Living Minister Armizan Mohd Ali said the policy, which is targeted to launch in the first quarter of 2024, will be able to further develop the country’s franchise industry to the international level. “We are also focusing on growing local franchise brands internationally. Currently, 70 local franchises have successfully penetrated into markets in 80 countries,” he said during a press conference at the parliament building today.He said this after the Domestic Trade and Cost of Living Ministry met with the Malaysian Franchise Association to obtain feedback on the industry.

 

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