Datuk Seri Najib Tun Razak said innovative partnerships were neccessary to develop the required human capital resources by equipping talent with the necessary skills and knowledge, fostering an innovative culture and improving performance through training.
“Companies may resort to stop-gap measures by way of importing and redeploying talent as far as resources will allow.
“But a more permanent solution is imperative if the industry is to grow and deliver the returns that we seek,” he said at the opening of BioMalaysia and BioEconomy Asia Pacific 2014 at Universiti Malaya here yesterday.
Najib said universities and other institutions of higher learning could be positioned to be the main providers of knowledge workers to fill the vacancies created by the bio-based industry.
This, he said, could be done only if the institutions gathered input from the industry on the required skill sets and capabilities.
Najib added that the Government’s Bioeconomy Transformation Prog-ramme had become a crucial part of the country’s transformation plan.
Since 2011, he said, the total approved investments in the bio-based industry had reached RM18.98bil, about double the RM9bil target set for the 2011 to 2015 period.
Malaysia became the second Asian country to come up with its own Bioeconomy Transformation Programme in 2012, after China.