Posted on : 11-08-2010 | By : sabah today | In : News
11th August, 2010
KOTA KINABALU: The initiative by the Ministry of Industrial Development to hold the Sabah Industry Excellence Awards is to spur the development of high performance, and resilient Sabah homegrown companies to enable them to compete domestically and globally, said Datuk Raymond Tan Shu Kiah.
“This is in line with the State Government’s focus on the manufacturing sector in driving the state and national economic growth,” he said in his speech read out by his Assistant Minister, Datuk Seri Panglima Michael Asang at the Sabah Industry Excellence Awards presentation ceremony here Monday evening.
Tan said not only trade and industry have to contend with the effects of the global financial crisis, they also have to face the additional challenges of aggressive new competitions in the market such as China and India.
The minister called on local industries, especially SMEs engaged in manufacturing to introduce innovation the design aspects of their respective end products. Through this innovation, companies in Sabah will be able to compete with international brands in producing products with greater value, prestige and high quality.
“In order to attract FDI (foreign direct investments), the quality of our products must be on par or even better than our competitors. Hence, companies in Sabah must seize business opportunities and expand the market as outlined in the New Economic Model (NEM),” Tan urged.
Tan said the Sabah Industry Excellence Awards bestowed on the winners the highest recognition among their peers in the manufacturing sector, which will further enhance their stature domestically and internationally.
“The annual Sabah Industry Excellence Awards will continue to be one of the benchmarks for excellence within our trade and industry community,” he said, adding that it should serve as a motivator for better performance.
Meanwhile, Permanent Secretary of the Industrial Development ministry Haji Hashim Paijian said: “The culture of striving for excellence should not be solely motivated and catalysed by awards, it is equally important to win in the market.”
As customer preferences become more sophisticated, Hashim called on companies to cater for new and emerging requirements and ever changing expectations.
Companies must continually strive to be competitive and to benchmark themselves against the best in the region.
“The survival instinct should be adequate motivation to excel in a highly competitive world,” added the Permanent Secretary.
When the company has all the ingredients to succeed, it can compete anywhere, whether in the domestic or export markets,” he said.
(Source: New Sabah Times)