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 Business

State govt aims 1,000 entrepreneurs by 2030

19th June, 2019

By Vesta Vanessa Jsol

KOTA KINABALU: The Sabah government is committed to developing the entrepreneurship sector with the aim of having 100 successful entrepreneurs a year and 1,000 by 2030.

Deputy Chief Minister Datuk Seri Wilfred Madius Tangau said towards this end, the state government was implementing various initiatives. One in particular is developing new Small and Medium Enterprises (SMEs) with a business model that is conducive to investments.

“Other than this, the government is also providing assistance to local entrepreneurs in terms of funding and market platform,” he told reporters at a press conference here, yesterday.

Wilfred, who is also the state Trade and Industry Minister, said efforts at promoting investment opportunities will also be improved, particularly in food and beverage industry as well as healthcare.

This is alongside the provision of a new industrial master plan to outline the strategic action plan for a more effective coordinating mechanism towards implementation of the government’s industrial policy.

“Government will also enhance further efforts to ensure the manufacturing industry to not only generates income for the government in the form of taxes, but also creates job opportunities and subsequently improving the people’s standard of living.” Earlier, he noted that to reach wider market, the port also need to be develop.

“We need to turn our port into a transhipment hub.

“So far, about 300 local containers went out from Sabah yearly. We need to increase it up to 500 containers. If not, Sabah will not succeed to attract more main line shipping and shipping operators to do business here.”

   
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