KUALA LUMPUR, Nov 18 (Bernama) -- Selangor government through Invest Selangor Berhad today, announce the launch of the Selangor Biotechnology Action Plan 2021 – 2030 initiative, which is developed to identify high potential biotechnology subsectors and aims to enrich the ecosystem to further propel the industry in the state.
 
The Selangor GDP in 2019 was RM 344.5 billion, which is 24.2% of the National GDP. Annual GDP growth of Selangor in 2019 was at 6.7%, higher than the National GDP growth (4.3%). The biotechnology cluster is seen as an emerging sector in the state and has high potential to become the new economic growth for Selangor.
 
Selangor has an overarching vision to be the most liveable state to continuously attract businesses and talents throughout the region. In this pursuit, Selangor has recognised and acknowledged changing global trends and is ready to take the paradigm shift to address these issues.
 
To further enhance the well-established biotechnology cluster in Selangor, The Selangor Biotechnology Action Plan 2021 – 2030 is built upon reviewing the National Biotechnology Policy (NBP) and assessing its achievements to date, 15 years after it was launched. The findings from field survey, gap analysis and benchmarking analysis, as well as the views from the stakeholders collated at various deliberations were important inputs for the development of the Selangor Biotechnology Action Plan 2021 – 2030.
 
The Selangor Biotechnology Action Plan 2021 – 2030 encapsulates Selangor’s current strength and its aspiration with the vision to make Selangor as the regional biotechnology hub for innovation, technology dissemination, investment and human capital development. The Selangor Biotechnology Action Plan 2021 – 2030 forms the state governance to decide policies, implement and monitor the biotechnology sectors strategies and initiatives.
 
The promotion of biotechnology sector will allow economies to continue meeting consumer demands without compromising low carbon footprint and the sustainability of biological resources. This shift would allow Selangor to embrace the new outlook and image of a state that balances its efforts in maximising industry production output with utilisation of sustainable resource and care for the environment.
 
For Selangor investment enquiries, please visit www.investselangor.my
 
About Invest Selangor Berhad:
 
Invest Selangor Berhad is an investment promotion agency playing a pivotal role in the promotion and attracting both local and foreign direct investments to encourage the economic development of Selangor. Invest Selangor also coordinates and facilitates the approval of investors’ applications with government agencies and provides relevant business matching and marketing opportunities to improve the business ecosystem in the state.
 
Source: Invest Selangor Berhad

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Nurul ‘Ain Mohd Yussof
Tel: 012 3437059
Email: nurul@investselangor.my

Name: Maryani Binti Mat Saad
Tel: 016 6997901
Email: maryani@investselangor.my

--BERNAMA