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.
The announcement was made by President & CEO of Siemens AG, Mr. Joe Kaeser at a press conference in Kuala Lumpur. Also present was Siemens Malaysia President & CEO Mr Prakash Chandran.
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 13 April 2017.
“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.
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.
According to Mr. Prakash Chandran, President & CEO of Siemens Malaysia, since their presence here in Malaysia for more than 100 years now, they ensure support is provided 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 the state-of-the-art technology, be it with the MRT, LRT double-tracked rail projects. Going into the market at their best competitive basis, Siemens has been ever ready to work hand-in-hand with the government by bringing in the kind of differentiation and assist Malaysia in achieving double-digit growth.
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.