KUALA LUMPUR: The Malaysian Investment Development Authority (Mida) has launched new funding initiatives aimed at catalysing Malaysia's industrial growth and fostering economic development.
These initiatives include the Domestic Investment Accelerator Fund (DIAF), the Madani Smart Automation Grant (SAG Madani), and the Foreign Investment Accelerator Fund (FIAF) which are set to play a pivotal role in advancing Malaysia's economic landscape.
Mida said DIAF and SAG Madani have been strategically designed to offer a variety of tailored solutions that assist in the development of high-value economic activities for local manufacturers and service providers.
"They also encourage our local businesses to upgrade their capabilities and expand their scope of operations, aligning with Malaysia's commitment to fostering innovation, automation, digitalisation, and the adoption of sustainable ESG practices,” it said in a statement today.
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