DistantNews
Kedah FDI Must Benefit Local Entrepreneurs, Says Chamber

Kedah FDI Must Benefit Local Entrepreneurs, Says Chamber

From Utusan Malaysia · (10h ago) Malay

Translated from Malay, summarized and contextualized by DistantNews.

TLDR

  • Foreign direct investment in Kedah should benefit local entrepreneurs, particularly small and medium enterprises.
  • High-tech industrial areas like Kulim Hi-Tech Park are positively impacting the state's economy.
  • There is a need to ensure these benefits extend to local businesses.

Kedah's economic development is experiencing a positive boost from foreign direct investment (FDI) in its high-tech industrial zones. Areas such as Kulim Hi-Tech Park, Padang Meiha, and Bukit Kayu Hitam are attracting significant investment, which is crucial for the state's growth. However, the Kedah Malay Chamber of Commerce (DPMM) emphasizes that the advantages of this FDI must also be shared with local entrepreneurs, especially those in the small and medium enterprise (SME) sector.

Kesan pelaburan langsung asing (FDI) yang diterima Kedah di kawasan industri berteknologi tinggi sewajarnya turut dinikmati oleh usahawan tempatan khususnya pemain perusahaan kecil dan sederhana (PKS) di negeri ini.

— Zuhaizar Abdul KarimPresident of the Kedah Malay Chamber of Commerce (DPMM)

DPMM Kedah President Zuhaizar Abdul Karim highlights that while the influx of high-tech investment is beneficial, it is imperative that local businesses are not left behind. The chamber's focus is on ensuring that the economic ripple effects of these foreign investments translate into tangible opportunities for Kedah's own entrepreneurs. This includes access to technology, supply chains, and market opportunities that arise from these large-scale projects.

Namun ujar beliau, masih…

— Zuhaizar Abdul KarimPresident of the Kedah Malay Chamber of Commerce (DPMM), indicating that benefits are not yet fully realized by local businesses.

The sentiment from DPMM Kedah is one of cautious optimism. The potential for economic upliftment is evident, but the chamber stresses the importance of strategic planning and policy implementation to ensure inclusive growth. The goal is to foster a symbiotic relationship where foreign investment complements and strengthens the local business ecosystem, rather than overshadowing it. This approach aims to build a more resilient and self-sufficient local economy in Kedah.

Kemasukan pelaburan berteknologi tinggi di kawasan seperti Kulim Hi-Tech Park, Padang Meiha dan Bukit Kayu Hitam memberi impak positif kepada pembangunan ekonomi negeri.

— Zuhaizar Abdul KarimPresident of the Kedah Malay Chamber of Commerce (DPMM), describing the positive economic impact of high-tech investments.
DistantNews Editorial

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.