ASEAN KEY DESTINATIONS
Investors put off by Malaysian industrial conditions
Current investors were also unhappy, SSIC Chief Executive Officer Hasan Azhari claimed while presenting a paper on “Industrial Development in Selangor” during the state Budget 2013 dialogue session.
Hasan said that there were many complaints from both local and foreign investors during the Industrial Park Management Community meetings, which were held four times a year.
Besides the reduced number of strategic locations for factories to be set up, investors complained of frequent water and electricity disruption, he said.
“Before setting up a company here, investors will consider issues such as water and electricity supply, road conditions and street lighting.
“The state has failed in relation to some of these aspects. Investors have gone to other states and neighbouring countries to seek better deals,” he said.
Hasan said more funds should be allocated to local councils to upgrade the industrial areas.
“Although local councils are given allocation, the fund is still not sufficient to carry out upgrading works at 219 industrial areas in Selangor,” he said.
Asked if the state's unwillingness to approve the Langat 2 water treatment plant was a factor in the reduction of investors, Hasan declined comment.
It was reported that Prime Minister Najib Tun Razak had said that 129 factories could not get the approval to set up their premises in Selangor due to the water supply issue.
He said the water reserve here was only 2.4 per cent, which was below the ideal level of 20 per cent.
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