Govt wants more local tech companies to expand their business in Malaysia

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PUTRAJAYA: In the excitement brought about by the surge of foreign investments in Malaysia’s digital economy, the government wants to see more homegro...

: In the excitement brought about by the surge of foreign investments in Malaysia’s digital economy, the government wants to see more homegrown technology companies “jump on the bandwagon” and expand their businesses in the country, Digital Minister Gobind Singh Deo said.

“Since 2017, GAIN has accessed the markets of over 26 nations. It has seen the involvement of over 150 Malaysian tech companies and organised over 1,000 one-to-one business meetings. He said Malaysia was on the right path in achieving that target, as indicated by the rise in digital investment to RM66.22 billion in the first half of this year, surpassing the RM46.2 billion recorded in 2023.

“The advancement in technology and innovation that we experience today started 28 years ago. The MSC project launched in 1996 was the starting point of our country’s journey in technology and Cyberjaya was the nucleus of the MSC,” he said.

 

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