KUALA LUMPUR, April 11 — Small and medium enterprises should capitalise on the RM517 million funding made available by Malaysian Industrial Development Finance Bhd’s and Malaysian Technology Development Corporation under the Soft Loan Scheme for Automation and Modernisation .
He said SLSAM, which is the biggest in terms of fund size among six schemes managed by MIDF, is aimed at helping local manufacturers adopt automation in their production process and supporting their journey towards the fourth industrial revolution . He said the partnership signified MIDF’s efforts and commitment to the companies within MTDC’s ecosystem to increase their capabilities by upgrading and upscaling their services, or manufacturing infrastructure and facilities, to accelerate greater productivity growth.
“This collaboration marks another milestone for MTDC. We will identify those SMEs that can adapt and come up with products in line with Industry 4.0 and work together with MIDF in the important area of providing financial and advisory services to them,” he said.
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