KUALA LUMPUR: The Ministry of Science, Technology and Innovation (MOSTI) is optimistic of achieving at least 500 certified nanotechnology products by 2030, which is a significant increase from its initial target of 300 products.
MOSTI Deputy Minister Datuk Arthur Joseph Kurup said the optimistic overview was following a positive response displayed from the period of 2021 and 2022 whereby a total of 74 products certification had managed to be secured, surpassing its initial target of 50 products during the said period.
"The global nanotechnology market is expected to experience a significant growth, rising from USD7.33 billion in 2022 to USD114.54 billion with a Compound Annual Growth Rate (CAGR) of 41 per cent during the forecast period of 2023 to 2030.
"The country has established itself as a recognized hub for nanotechnology research, development and commercialization with a growing pool of skilled researchers, world class research institutions, and a supportive policy environment. We are well postioned to become a global leader in this field," he said.
He said that during his officiating speech before launching NANOTrust and GRAPHENEVerify, which is a new certification scheme for the advancement of the nanotechnology and graphene industry in Malaysia under the purview of NanoMalaysia Berhad and NanoVerify Sdn Bhd.
Commenting on the the newly launch certifications scheme he said it is aligned with the Malaysia MADANI pillars of sustainability, innovation and trust to drive the nanotechnology sectors as one of the nation's engines of growth.
"The NANOTrust and GRAPHENEVerify Product Certification Schemes, under the NANOVerify Programme, offer opportunities for small and medium enterprises with products containing nano elements to secure a credible seal of trust for wider market penetration, both locally and abroad.
"MOSTI is proud to support NanoMalaysia Berhad and NanoVerify Sdn Bhd for the rollout and implementation of these schemes. Such support will empower the growth of over 1,000 local nanotechnology and graphene product segments with projected collective value of RM640 million by 2025," he said.
The event also saw 29 companies ranging from cosmetics, industrial sectors, food and beverage sectors, is given the certifications for its products which had been certified by the schemes.
-- BERNAMA
Bernama
Mon May 15 2023
The Ministry of Science, Technology and Innovation (MOSTI) is optimistic of achieving at least 500 certified nanotechnology products by 2030, which is a significant increase from its initial target of 300 products.
Pahang and UAE join forces to protect the critically endangered Malayan tiger
The partnership aims to address critical issues such as wildlife poaching, habitat degradation, and population decline.
![[COLUMNIST] Turkiye, Syria and Israel’s loss of strategic initiative](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-10/51728873693_EMIR.jpg "[COLUMNIST] Turkiye, Syria and Israel’s loss of strategic initiative")
[COLUMNIST] Turkiye, Syria and Israel’s loss of strategic initiative
Today Israel is confronted with a new reality despite the gains and wins from four successive wars in the past.
US lawmakers urge Biden to extend TikTok Jan. 19 ban deadline
If banned, the short video app used by 170 million Americans would quickly go dark.
Baltic Sea nations seek to limit further incidents after cable breaches
Some 2,000 ships are crossing the Baltic Sea every day, making it difficult to monitor it all, says Latvian President Edgars Rinkevics.
EU reassesses tech probes into Apple, Google and Meta, FT reports
The tech giants have urged US President-elect Donald Trump to challenge European Union's regulatory scrutiny against them.
Women's restrooms and new tiles at Batu Caves to be ready for Thaipusam
Tan Sri R. Nadarajah says, about RM6 million has been spent to date to carry out repair and maintenance works at the place of worship.
Federal Court sets March 13-14 for hearing of final appeals in Kevin Morais' murder case
Six men are appealing against the Court of Appeal's decision to uphold their conviction for murder and the death sentences.
UK man fined RM700 for entering protected area at KLIA
Polak Kendon is charged with entering a protected area at Gate C, level five of KLIA T1, without a valid pass.
Indonesia plans minimum age for social media use
The move aims at protecting children, its communications minister says.
Level Up: The Superman guide to the future of work
By 2030, tasks performed solely by humans are expected to shrink from 47% to 33%.
Future-proof your career: Master these 5 core skills to thrive by 2025
As automation takes over routine tasks, creativity will become a defining trait for employees.
Why the labour market is evolving and how employers are adapting
As AI and technology advance, skills like cognitive abilities, ethics, and technology-related expertise will either gain or lose importance.
US Justice Dept releases report on Trump attempt to overturn 2020 election
Investigations found Trump spread false 2020 voter fraud claims, pressured lawmakers, and pushed fake electors to overturn 2020 election.
Sydney closes nine beaches due to mysterious ball-shaped debris
Most of the samples of the ball-shaped debris were the size of marbles, with some larger, says Northern Beaches Council.
Distribution of RM13 bil SARA, STR aid begins tomorrow, highest in history
The SARA aid will be increased to RM2,100 in 2025 compared to RM1,200 in 2024 for eligible households recorded in the eKasih system.
[COLUMNIST] The hidden struggles hehind Malaysia’s GPI ranking
Essentially, a nation may appear peaceful externally but lack the critical structures to sustain peace during stress or upheaval.
Impeachment trial of South Korea's Yoon adjourned after he does not attend
If Yoon Suk-Yeol decides not to attend the next trial proceedings, it will start with his legal team representing him.
Earthquake shakes Tibetan monasteries, casualties among clergy unknown
The magnitude 6.8 quake reduced to rubble roofs and walls at a monastery and a nunnery in Tingri.
Trial of South Korea's impeached President Yoon set to begin
The Constitutional Court must decide within 180 days whether to remove Yoon Suk-Yeol from office or restore his presidential powers.
Pahang sees slight increase in flood evacuees, Johor declines to 2,498
JPBN says only the water level at Sungai Kahang in Kampung Contoh, Kluang, remains above the danger level.