SHAH ALAM: The government today announced new initiatives to further drive forward the transformation of Technical and Vocational Education Training (TVET) in the country.
Among them are the development of a comprehensive TVET masterplan, RM50 million pool fund for strategic TVET programmes, and RM75 million fund to support Industrial Revolution 4.0 through cooperations with education institutions and employer associations.
Prime Minister Datuk Seri Najib Razak, in making the announcement today, said the government is also going to review charges related to filing of intellectual properties, as well as giving incentives to encourage innovation.
"In order to achieve our targets, I would like to announce that firstly, the government will develop a comprehensive TVET masterplan, which will be coordinated by the Human Resources Ministry and assisted by other ministries that are involved with TVET.
"Secondly, for your information, Pembangunan Sumber Manusia Bhd (PSMB) has also allocated 30 per cent from Human Resources Development Fund's levi as a pool fund to execute strategic programmes as an effort to support national aim in increasing the percentage of Malaysia's skilled workers.
"From this 30 per cent, the government through PSMB is allocating RM50 million from this 30 per cent pool fund for TVET, in line with the aspiration and vision of our National Transformation 2050 (TN50)," Najib said in his speech during the launching of TVET Transformation Programme at Advanced Technology Training Centre (Adtec) in Section 34, here today.
The event also saw Najib announcing the rebranding of TVET Programme as TVET Malaysia.