Malaysia's premature deindustrialisation has hindered economic complexity, lagging behind Japan, South Korea, Taiwan, and Singapore. Minister Tengku Zafrul highlights the need to elevate Malaysia's manufacturing value chain, focusing on E&E and semiconductors. He stresses reversing reliance on low-skilled foreign workers by investing in technology and innovation. The New Industrial Masterplan (NIMP) 2030 aims to drive technological advancement and sustainability. He urges the financial sector to support long-term reforms for sustainable growth.