June 10, 2010 14:03 PM

Strategies Under 10MP To Support Innovations For High Economic Impact Sectors



KUALA LUMPUR, June 10 (Bernama) -- To promote productivity led-growth, the government has outlined important strategies that support innovations across the economy for high economic impact sectors.

Information and communications technology (ICT), which will continue to be the country's key focus, will help to raise the nation's overall productivity and competitiness, says the Economic Planning Unit (EPU) of the Prime Minister's Department in the 10th Malaysia Plan (10MP) report released today.

Prime Minister Datuk Seri Najib Tun Razak today tabled the 10MP at Parliament.

Among the strategies are to aggressively promote ..........

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During the 10MP period, the government will amend legislation to facilitate commitments made at bilateral, regional and multilateral levels to liberalise the industry and create new business opportunities.

With the growing demand for agriculture high value products such as aquaculture, seaweed and herbs, the government will also be promoting innovation-based growth and production processes that utilise modern farm technology and ICT, including the ICT-based Agriculture Flagship Project.

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Current regulations and procedures will be reviewed and streamlined, particularly in the swiftlet, aquaculture and herbal industries to attract greater investments and participation from the private sector, according to the EPU.

The implementation of these actions will be monitored by the EPU with the Prime Minister providing overall leadership.

-- BERNAMA