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<strong>At</strong> <strong>Your</strong> <strong>Service</strong>That started the industrialisation process in Malaysia beginning in the early 1970s.To promote industrial expansion, special assistance and incentives were providedto new and expanding industrial establishments. To provide a new dimension andintensify the structural shift, the Government introduced the First Industrial MasterPlan (IMP, 1986-1995), Malaysia’s first industrial blueprint.This plan put together a coherent and structured framework for industrialdevelopment with specific targets and timelines. Over the years, concertedefforts were taken to promote and accelerate the expansion <strong>of</strong> the manufacturingsector. This was also the time when the Government embarked on an aggressiveprivatisation strategy with the ultimate aim <strong>of</strong> reducing the burden on Governmentin financing development. During the period between 1970 and 1987, per capitagross national income in nominal terms grew rapidly at 8.9% per year increasingfrom RM1,070 to RM4,537.In 1988, for the first time, the manufacturingsector became the leading growth sector,when its share <strong>of</strong> gross domestic productrose to 21.1%, surpassing that <strong>of</strong> agricultureat 18.6%. This signalled a structural shiftfrom agriculture to a manufacturing basedeconomy.With the successful implementation <strong>of</strong> the First IMP, the Second IMP (1996-2005) was introduced to bring about a transformation from assembly-intensivemanufacturing to an integrated, industry-wide approach encompassing bothmanufacturing and related services.To further propel manufacturing and modern services into higher value added andtechnology driven sectors, the Third IMP (2006-2020) was introduced in 2006.During the period between 1987 and 2008, per capita gross national incomeincreased further by 8.6% per year from RM4,537 to RM25,784. As a result,Malaysia emerged as one <strong>of</strong> the most dynamic and vibrant economies in the world.Between 1971 and 2008, Malaysia was among the fastest growing countries in the94