The Multimedia Development Corporation (MDeC) is embarking into its third phase of the MSC Malaysia Initiative to support the nation's aspiration of becoming a high income nation that is both inclusive and sustainable.
Having made significant strides in increasing the economic impact and footprint of ICT for our nation, 2011 marks a new chapter for MSC Malaysia which promises more benefits not only for the IT players such as yourself but also for our citizens
The first phase (which began in 1996) was the initiation stage emphasising on visioning and physical infrastucture. The second phase which spanned (from 2004 to 2010) focused on the supply side – creating economies of scale and flagship applications.
MSC Malaysia Phase 3 builds on the foundation and successes achieved under Phases 1 and 2. Beyond contributing RM34.7 billion to the GDP over the Phase 2 period, MSC Malaysia also achieved the following milestones:
- Cumulative revenue of RM103.8 billion, exceeding the initial estimates of RM69 billion by 50%
- Creation of 111,367 knowledge-based jobs, surpassing RMK9 projections of 100,000 jobs by 11%
- Generated RM33.1 billion worth of exports, beating RMK9 projections of RM20 billion by 65%
- Recorded RM1.64 billion in R&D investment, exceeding RMK9 projections of RM1.4 billion by 17%
- Registered 7,666 new IPs, exceeding the RMK9 projections of 1,400 by 447%
Despite the challenges of the global economy at the end of the last decade, MSC Malaysia concluded its second phase on sure footing. Because of the bold ICT initiatives and steps we took as a Nation, Malaysia today has become an equitable partner with other nations in the fields of ICT science, technology and innovation.
During this critical phase3, which will run from 2011 to 2020, MDeC will lead MSC Malaysia in championing the development of Malaysia's high-value economy by continuing to drive the uptake of ICT.
Phase 3:
Driving initiatives focused on talent, export and revenue growth
The first four years of the MSC Malaysia Phase 3 plan which run in tandem with the 10th Malaysia Plan aim to see MSC Companies achieve the following by the end of 2015:
- 21% of increase in GDP contribution, to RM42 billion
- 37% increase in revenue, to RM142 billion
- 75% increase in exports to RM58 billion
- 47% increase in job creation to 160,00 jobs
What does these mean to you?
The ultimate goal of ETP is to create a high-income advanced economy that will provide quality income, quality life and quality opportunities for all Malaysians. MSC Malaysian Phase 3 rollout complements these aspirations. It offers a strategic view of the ICT sector, backed by a programme of action to enhance:
BUSINESS:
to complement and assist the private sector in delivering the effective modern communications infrastructure we need, built on new digital technologies;
Establish Malaysia as a vibrant hub for creation of ICT solutions; leading to net exporter status
RAKYAT:
to ensure that people have the capabilities and skills to flourish in the digital economy, and that all can participate in digital society; and live a safe and qualify life
GOVERNMENT:
for government to continue to modernise and improve its service to the taxpayer through digital procurement and the digital delivery of public services.