RM200 million boost in funding for TVET

An additional RM200 million in funding for Technical and Vocal Education Training (TVET) has been approved by Prime Minister Datuk Seri Anwar Ibrahim.

The amount would be channelled through the Skills Development Fund Corporation (PTPK) and 13,000 are expected to benefit from it.

“The fields involved include electric vehicles, cybersecurity, artificial intelligence, advanced materials, electronic technology, farm mechanisation, and agricultural and livestock automation.

“Funding in these fields will encourage TVET institutions to develop training programmes in line with the government’s aim to strengthen high growth and value industries, in line with the national energy transition roadmap and the new industrial master plan 2030.

“This is to create high-impact job opportunities in line with the needs of industrial revolution 4.0, climate change and sustainability practices, demographic shifts, and the globalisation of value chains that change the nature of jobs and require a skilled workforce,” Anwar said when launching the national TVET day celebration here today.

This move was made to further boost the number of technically skilled workers.

This new allocation that was announced today in conjunction with the launch of the National TVET Week makes the total budget for vocational training progeammes close to RM8 billion

TVET is among the key areas in the education policy of the Anwar-led government.

Several blueprints for several industries have already been launched since Anwar became prime minister.

This includes the semiconductor industry.