Kuala Lumpur (VNA) – Malaysia’s Ministry of Investment, Trade, and Industry (MITI), in partnership with the Malaysian Investment Development Authority (MIDA) and SIRIM Bhd, is developing a star rating system for industrial parks (IP).
Expected to be established next year, the system would evaluate four key parameters - planning and management; infrastructure and business competitiveness; environmental sustainability and social responsibility.
These measures will ensure that every industrial park in Malaysia meets acceptable standards and call out those which do not meet the standards.
Soon, these guidelines will be seamlessly integrated into the MYSite Selection Portal, empowering investors with detailed, transparent assessments.
In addition to the digital platform, MIDA and the Federation of Malaysian Manufacturers (FMM) also launched the Malaysia Industrial Park Directory, a comprehensive directory providing detailed information about industrial parks across the country.
CMITI Deputy Minister Liew Chin Tong emphasised that Malaysia's ambition is to build a resilient supply chain for various industries, including strategic sectors like semiconductors.
The MYSite Selection Portal and Malaysia Industrial Park Directory would facilitate this journey by allowing investors to swiftly identify areas with the best suitability for their operations and tap into our robust and mature manufacturing ecosystem, the official said./.
