More Japanese investors have expressed interest in expanding and setting industries in the country as a mean to revitalise the businesses and economy back home.
Having had to face a torrent of losses incurred by earthquakes, tsunami and radiation leak in March, Malaysia is seen as the potential platform for economic restoration, said Deputy International Trade and Industry Datuk Mukhriz Mahathir.
Mukhriz, who led a trade mission to Osaka and Tokyo in July, said Malaysia is currently being promoted as the choice of investors’ destination.
He added Japanese investors from various industries including automotive and electronics, said Malaysia is strategic for investment due to its geographical location, political stability and environment.
“We are now looking at Japan for more potential investments in various fields and we can expect to see more Japanese investors coming here. During my trade mission in Japan, many of them did not know much about Malaysia,” Mukhriz told a press conference after attending a briefing on Iskandar Malaysia at Iskandar Regional Development Authority (IRDA) office here, yesterday.
On the Eurozone crisis which caused a significant economic slowdown in Europe, Mukhriz said efforts are being made to draw more investors to Malaysia to mitigate its effect.
“We have to put more eggs in the basket and continuously engage the investors. Attracting the Japanese to invest here is one of the examples that could help cushion the (Eurozone crisis) effect.”
IRDA chief executive officer Ismail Ibrahim who was also present, said Japan had always been among the top investors in Iskandar Malaysia.
“Right now, the Japanese is focusing on expanding their trade further here in Iskandar Malaysia,” he said.
On the development of Iskandar Malaysia, Mukhriz said IRDA had taken the right approach in implementing developments and pulling in more investments.
BTimes
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