News: Ipoh ready to welcome IR4.0 companies, says Northern Corridor chief executive

News: Ipoh ready to welcome IR4.0 companies, says Northern Corridor chief executive


IPOH: The city is ready for fourth industrial revolution (IR4.0) companies to set up their operations here.

Northern Corridor Implementation Authority chief executive officer Datuk Seri Jebasingam Issace John said with the high cost of living and operations in the Klang Valley and Penang, Ipoh is now seen as the perfect place for such companies to set up businesses.

"It is something positive for the city and the state as a new economic cluster.

"Companies are happy with the lifestyle and the lower cost of living," he told reporters after exchanging a Memorandum of Understanding with representatives from five Global Business Services (GBS) companies at the state secretariat building here Friday (May 31).

The investment by all five companies is worth some RM486mil and will create about 1,500 jobs in the finance; human resources; automation and robotics; information technology; big data analytics; cloud computing and software programming services sectors.

All five companies are expected to start operating between the third and fourth quarter of this year.

"In terms of competitiveness, Ipoh is ready for this new economic transformation," he said.

"There are many more companies expressing interest in coming here," he added.

Issace John said the five GBS companies will set up operations in Falim.

"These companies will create new and high income jobs in the sector. We will work hard to attract more such companies to Perak," he said.

Perak Mentri Besar Datuk Seri Ahmad Faizal Azumu, who witnessed the exchange, said the new job opportunities could lure people, especially Perakians, to return here to work.

"It could resolve the issue of the brain drain and help with unemployment issues among graduates. It is time for us to rebuild our nation and not play politics," he said, adding that some 22.7% of 20,341 graduates were still unemployed.