SIEMENS Set To Invest EUR 100 Million to Boost Re-Skilling & Empower Digitalization In Malaysia
Just yesterday, I was at a press conference where the President & CEO of Siemens AG, Mr. Joe Kaeser, together with Siemens Malaysia President & CEO Mr Prakash Chandran made an announcement which will bring in EUR100 Million into Malaysia. Siemens, a global powerhouse positioned along the electrification value chain, is set to invest EUR100 million worth of software grant to local universities and colleges to boost re-skilling and increase training capability in preparation for the next industrial age in Malaysia. That's a substantial sum of $$ !
|SIEMENS Set To Invest EUR 100 Million to Boost Re-Skilling & Empower Digitalization In Malaysia|
This Followed A High Level Meeting With Malaysia's Top Ministers
The software grant, which is set to empower Malaysian university students on digitalization, was announced following a high-level meeting and courtesy call paid to the Prime Minister of Malaysia Dato' Seri Najib Tun Razak, the Minister of International Trade & Industry (MITI) II Datuk Seri Ong Ka Chuan and the Minister of Transport Datuk Seri Liow Tiong Lai on 2 days back on the 13th April 2017.
|President & CEO of Siemens AG, Mr. Joe Kaeser at the press con|
“We offered to the Prime Minister yesterday that Siemens can provide first-class help on establishing software tools for the industrial Internet to be applied to areas of manufacturing like Industrie 4.0, and will willingly grant the sum of EUR100mil worth of software to universities and colleges so that the young generation can learn to simulate in the virtual world of manufacturing,” said Mr Kaeser.
|Siemens - Ingenuity For Life|
Bringing the nation its global network of innovations and the local ability to provide the full spectrum of services in three core competencies / portfolio of Electrification, Automation, and Digitalization, Siemens is well positioned to provide the solutions needed to meet the requirements of tomorrow, in line with the Prime Minister’s new 30-year transformation plan, Transformasi Nasional (TN50) which is to strengthen the digital economic hub in the country.
|A group picture of the bloggers present when the announcement was made|
All about Embracing The Fourth Industrial Revolution
“We see lots of good opportunities in Malaysia to further expand our resources. With the Prime Minister, we also discussed the future of the country and the digital age of how the whole industrial revolution is going to be implemented in this country, and ways on how Siemens can partner leading customers and leading universities to help embrace the Fourth Industrial Revolution. As digitalization is our new focus, we believe it’s important to invest in software skills to train the students in the next generation of engineering,” said Mr. Kaeser, who also revealed that Siemens Malaysia made EUR879 million in revenue in 2016.
|Mr. Prakash Chandran, President & CEO of Siemens Malaysia|
Also at the press con was Mr. Prakash Chandran, President & CEO of Siemens Malaysia who commented:
“Since our presence here in Malaysia for more than 100 years now, we ensure that we provide support where it is needed the most - including providing access to education, state-of-the-art technology and sustaining communities. Siemens invests about 6% in research and development every year, and we bring the state-of-the-art technology, be it with the MRT, LRT double-tracked rail projects. We are ever ready to work hand-in-hand with the government and show the kind of differentiation what we can bring in, while trusting the investment will assist Malaysia in achieving double-digit growth.”
|Thumbs up for Siemens|
Siemens will also focus on developing even more efficient mass mobility as well as smart grid opportunities to increase national electrification coverage with new generation capacities through efficient alternative solutions aided by digital intelligence. How's that for some really good news in this rather bleak times in Malaysia. Here's looking forward to more good news such as these!