|MIGHT To Consolidate Business Units
PUTRAJAYA, July 31 (Bernama) - The Malaysian Industry-Government Group for High Technology (MIGHT) will consolidate its business units into core four areas in efforts to be a self-funded organisation, said its chief executive, Datuk Dr Ahmed Tasir Lope Pihie.
MIGHT, a partnership between the government and the industries for high technology, has several business units responsible for sectors it is involved in like aerospace, biotechnology, photonic, nanotechnology and advanced manufacturing.
It also handles event management like the Langkawi International Dialogue.
"Our new corporate plan calls for consolidation of the business units. Otherwise, MIGHT will be too diluted with too many business units," he told Bernama in an interview here.
Tasir said MIGHT does not want to be fully-funded.
He said it could lose its neutrality if it is aligned to a few parties on which it relies on for revenue.
"If we were to do that, we will be too business-oriented. We will be aligned to one or two parties which are able to finance us.
"The idea of neutrality and independence will be lost. We may not be free from the dominance and control of any party," he said.
Apart from government grant, which is being reduced over the years, MIGHT earns income by providing consultancy services to the government and industries.
At present, Tasir said MIGHT still depended heavily on government grant.
He said MIGHT required some RM10 million annually to cover the cost for rentals, emoluments for its close to 80 staff and other operating activities.