Malacca to focus on eight key sectors to draw foreign investments

MALACCA: The state government will focus on eight key sectors in the bid to attract more foreign investments, said Chief Minister Datuk Seri Idris Haron.
They are automotive, electrical and electronics, green technology, halal products, biotechnology, pharmaceuticals, oil and gas and aerospace, he told the state assembly today.
He said the state last year succeeded in attracting total investments of RM4.4 billion with RM1.8 billion coming from overseas.
"We hope this year to achieve an overall investment target of RM5 billion and higher foreign investments from 2014.
"For a start this year, we are on track to receive foreign investment of RM1.2 billion through the involvement of a company China, Xinyi Glass, which will open a production plant at Lipat Kajang, Jasin," he said in response to a question from Datuk Norpipah Abdol (BN-Rembia) who wanted to know the amount in foreign investment received by the state last year and the steps towards improvement in 2015. – Bernama