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The agency says the businesses that applied for the incentive

The claimable period of time is from 2015 to 2020. Players with global recognition include ViTrox Corp Bhd, SRM Integration (M) Sdn Bhd, Visdynamics Holdings Bhd as well as the Walta Group, ” says Azman. SMEs can also seek training sessions opportunities and talent at talent development centres, such as this German-Malaysia Institute, and solutions from companies like Siemens and Rockwell Automation.

“Companies — including SMEs — usually are encouraged to leverage facilities including ACA and Domestic Investment Proper Fund provided by Mida and also the Soft Loan Scheme for Automation & Modernisation presented by Malaysian Industrial Development Funding.

The agency says the businesses that applied for the incentive have managed to realize an average increase in output volume of 200% to 300% until now. “There are about 120 major companies in Malaysia which could produce advanced handling systems pertaining to full cleaning mould automation and incorporate bright robots, including machine-to-machine communication.

Mida has introduced several measures to help SMEs. ”. One incentive is the actual Automation Capital Allowance (ACA), that’s announced in 2015. Mida has approved 88 applications for the incentive as at January.. Depending on the category, companies can claim up to 200% allowance for a fixed volume of qualifying capital expenditure