SHAH ALAM, 2 Dec: Selangor continues to stay ahead of other states with total investment of RM53.2 billion from 1,560 manufacturing projects approved for the period since 2008 till last August.
The Executive Councillor in charge of Investment, Ean Yong Hian Wah, said that the implementation of a policy of transparency and pragmatism in investment by the state government is among the factors that has attracted more foreign investors to Selangor.
He said that the organisation and participation of investment missions abroad and cooperation with chambers of commerce around the world which is actively carried out also promotes investment activities.
He said that the state government also established strategic partnership with multinational corporations in Selangor to help promote the state to investors in their respective countries.
“The advantage of this strategy shows that investors continue to be assisted at the level of the local authorities.
“In addition, cooperation between investors and the state government through the establishment of the Industrial Park Management Committee (IPMC) can also solve problems faced,” he said when answering questions from Yeo Been Yin (DAP-Selangor) on investment strategies during the Selangor State Assembly (DNS) session today.
He said that the state government is also actively promoting and advertising investment opportunities through business magazines abroad in addition to increasing the efficiency of the government service delivery system at all levels, including local authorities.
Ean said that the ‘Investor Friendly’ concept applied by holding visitations and meetings with industries regularly to obtain feedback on the problems faced has also had a positive impact.
“More frequent monitoring of on-going projects which are being carried out helps us identify issues faced by investors and to find solutions for the industry to continue to operate.
“We have also established an Investment Unit at the level of local authorities to facilitate investors in the investment process in Selangor,” he said.