MOSTI lead Space Tech Nexus at LIMA 2023

MOSTI lead Space Tech Nexus at LIMA 2023

KUALA LUMPUR: The Ministry of Science, Technology and Innovation (MOSTI) for the first time will lead the Space Tech Nexus in conjunction with the Langkawi International Maritime and Aerospace Exhibition 2023 (LIMA’23) which will take place in Langkawi, Kedah on May 23 to 27.

Minister of Science, Technology and Innovation, Chang Lih Kang said, Space Tech Nexus is a new element in the organization of the biennial LIMA exhibition as MOSTI’s effort to strengthen the strategic cooperation network of the space sector in Malaysia with international players.

MOSTI’s involvement through MYSA in LIMA’23 as the leader of the commercial exhibition space is one of the strategic plans of the space sector planned towards the sustainable growth of the country’s space industry in line with MOSTI’s mission to reach a high-tech country.

“Space Tech Nexus is a new element in the organization of the biennial exhibition LIMA. MINDEF and MOT as the organizers of LIMA’23 have given a mandate to the Ministry of Science, Technology and Innovation (MOSTI) through the Malaysian Space Agency (MYSA) to lead the event in the LIMA’23 exhibition this time.

“This commercial exhibition space includes the Langkawi International Space Forum (LISF) 2023, the signing of a memorandum of understanding (MoU), bilateral talks , commercial exhibitions, technology updates, side events and technical visits.

“The involvement of MOSTI as the leader of the Space Tech Nexus is expected to further strengthen the strategic cooperation network of the space sector between Malaysia and the space industry, universities and the international and regional space community,” he said.

He said this at a press conference after chairing the National Space Committee Meeting (JANGKA) here on Wednesday.
The cooperation specifically covers aspects of capacity development, expertise, technical and commercial cooperation opportunities that are beneficial to the country and facilitate investment in the space industry to boost the growth of local start-up industries.

Lih Kang added, among others, the strategic planning of the space sector including the National Space Policy Action Plan 2030: Malaysia Space Exploration 2030 (MSE2030), the Strategic Plan for the Space Industry 2030 as well as the Malaysian Space Board Act 2022 (Act 834) under MOSTI.

“Through the implementation of MSE2030, the ministry aims to contribute up to RM10 billion to the country’s GDP from the space sector by 2030, it also creates up to 5,000 new job opportunities in the highly skilled category.

“MSE2030 outlines 15 strategies, 27 initiatives and 79 main activities that are planned until 2030 and will be launched during the organization of the LIMA’23 event,” he said.

In the meantime, a total of 63 local companies were identified as being involved in the development of the local space industry through the 2030 Space Industry Strategic Plan implemented in August last year. It involves 12 strategies and 24 initiatives.

Among the proposals put forward include the launch of a high-resolution national remote sensing satellite at the end of 2025 as well as a framework initiative in creating a local satellite launch site service.

In addition, Act 834 which was gazetted on 25 January 2022 is seen to be able to increase the confidence of investors and industry to be involved in the country’s space activities through the creation of efficient regulatory frameworks in line with international guidelines and standards.

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