MITI to roll out IR4.0 readiness assessment next year

By NUR HAZIQAH A MALEK / Graphic By TMR

The International Trade and Industry Ministry (MITI) will roll out the assessment criteria for the migration of 500 small and medium-sized enterprises (SMEs) to Industry 4.0 (IR4.0) platforms.

MITI investment policy and trade facilitation senior director Faizal Mohd Yusof said the readiness assessment will be ready and compiled by early 2019 following its pilot project with 22 companies.

“The pilot project was for study purposes to determine the right and suitable criteria and exercise for the 500 SMEs.

“Based on the assessment exercise, we try to put together a proper and comprehensive guideline for the companies, which I hope to roll out early next year,” he said at the “Seventh Stratum Focus Series: Industry 4.0 Seminar” yesterday.

He added that the 500 SMEs are currently in the process of being identified as the first group for the migration readiness assessment mentioned in the recent Budget 2019.

The government has allocated RM210 million for 2019 to 2021 to support the IR4.0 transition. Faizal added that the important step to make is to determine the readiness of local companies for the migration in order to go forth with the implementation.

“To know their current level via the readiness assessment is to gauge their stage and where the government can intervene accordingly, whether it be to fund, or incentivise,” he said.