In our work across Southeast Asia, we often engage in conversations with industry stakeholders to find out how they are implementing IoT solutions in their country. As our conferences focuses on how end users may benefit and apply IoT technologies to their business, it is often refreshing to find new local case studies: for Malaysia, their innovation in using IoT for the Agro-food Sector is one such development we look forward to.
Since we heard about MiTrace and how it have helped durian plantations reach ready buyers in China (Durian and the Internet of Things article here), we've been keeping our ears peeled for relevant examples. With Intelligent Plantation a confirmed track in our upcoming 10th Asia IoT Business Platform in KL on 18 & 19 Aug, we were happy to see that Malaysia's National Key Economic Areas (NKEA) for the agro-food sector in 2015 has recorded US 2.36 billion in committed gross national income (GNI), 28,645 additional jobs and close to US 2M billion in committed investment.
In the National Transformation Programme (NTP) Annual Report, they have identified the use of IoT within the industry as one of the ways to enhance productivity and rise up the value chain. Agriculture is among the four key sectors chosen to pilot the use of sensors under the 11th Malaysia Plan (2016-2020).
With a potential output of US 319M by 2020 through integrating IoT in the agriculture sector, MIMOS has developed a framework to link agricultural producers, traders and suppliers.
Ministry of Agriculture and Agro-based Industry (MOA) has initiated Entry Point Projects (EPP) for segments like high value herbal products, rice paddy farming and the production of premium fruits and vegetables (durians!).
They hope that with these initiatives in place, very soon Malaysia will be be exporting more than IoT tracked durians, putting the agricultural sector in a more strategic position to contribute to the diversification of Malaysian economy and ensure stability of the Ringgit.
- Original article on NKEA For Agro-Food Sector Recorded RM9.224 Billion In Committed GNI
Written by: YY Fong