KUALA LUMPUR, Aug 2 — The Malaysian Investment Development Authority understands the difficulties faced by small and medium-sized enterprises in embracing the Industry 4.0 in the face of challenging economic times.
The Industry 4.0 in essence refers to the trend towards automation and data exchange in manufacturing technologies and processes include internet of things, cloud computing and artificial intelligence. “We acknowledge that currently, most SMEs are either at the level of Industry 2.0, 2.5 or 3.0. We can assist by firstly encouraging them to undertake the National Policy on Industry 4.0 Readiness Assessment or ,” he told reporters during a half-day seminar here today.
During the seminar to increase awareness on government policies and facilities for the Malaysian Indian Network of Entrepreneurs , Sivasuriyamoorthy said the major incentive that MIDA had put in place over the last two years, included, the Automation Capital Allowance for companies to undertake automation and robotisation.
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