Second MITI Ministry Datuk Seri Ong Ka Chuan (left) greets attendees at a Chinese New Year celebration on the Tow Boo Keong temple in Ipoh February 10, 2018. — Picture by Marcus Pheong

IPOH, Feb 10 — The International Trade and Industry Ministry (MITI) is aiming to draw overseas buyers to open a big scale digital and electrical (E&E) trade in Perak following its excessive demand in China and Europe.

Second MITI Minister Datuk Seri Ong Ka Chuan stated E&E stood on the high of the export product final 12 months with the quantity of RM343 billion — a rise of about 19.2 per cent in comparison with 2016.

“The demand is robust for semiconductor market all around the world. China, United States and different European international locations want these E&E merchandise.

“We imagine for the subsequent 5 to 10 years E&E industries will dominate the market,” he instructed reporters after attending the Chinese New Year celebration within the Tow Boo Keong temple right here.

Ong stated Perak can be the perfect place to increase the E&E sector within the nation as actual property right here is cheaper in comparison with Penang and Selangor, which at present dominates the manufacturing of E&E merchandise.   

“The land in Perak is affordable and if we might give a greater incentive to the overseas buyers then there’s a excessive risk they might open up E&E trade right here,” he stated.

Ong additionally stated the opening of National Automotive Cluster at Proton City in Tanjung Malim might add extra purpose for the buyers to determine their firms right here as vehicles these days requires lot of E&E merchandise.

Ong stated MITI had additionally recognized potential buyers from international locations like United States, Germany, Japan, Sweden and France.  

Ong additionally stated the establishing E&E trade in Perak would offer excessive worth jobs for the individuals right here.

“Ipoh is a pleasant place to remain and homes listed below are reasonably priced, however there’s a lack of job alternatives. People should journey to Kuala Lumpur for work.

“From the knowledge I acquired from Keretapi Tanah Melayu Berhad, about 1.four million individuals touring again forth day by day from Ipoh to Kuala Lumpur for work through practice in per week.  

“So that is the proper time for us to plan excessive earnings jobs for the individuals in Perak and E&E trade can supply excessive worth jobs,” he stated.

Separately, Ong additionally urge individuals to cease criticising China as it will have an effect on the financial relation of each international locations.

“A number of individuals are bashing China by claiming they’re right here to steal all our wealth and so forth, however they didn’t know China accounted 13.5 per cent of complete exports of our nation since 2009.  

“And final 12 months alone, Malaysia has recorded RM50.33 billion in export for E&E merchandise to China,” he stated, including China is a vital buying and selling companion to the nation.

Earlier, Ong greeted and distributed ang-pow and Chinese New Year goodies for about 2,000 underprivileged Ipoh resident who attended the Chinese New Year celebration within the Tow Boo Keong temple right here. 

Trade ministry to arrange massive scale electronics, electrical trade in Perak by: Steve Melvin published:

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