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Frost & Sullivan opens global innovation centre in Iskandar Malaysia

T.C. Seow | Aug. 29, 2012
The centre is the result of a strategic collaboration with the Multimedia Development Corporation (MDeC) of Malaysia and Iskandar Investment Berhad (IIB).

Aroop Zutshi
Aroop Zutshi, global president & managing partner, Frost & Sullivan.

Research and consulting firm Frost & Sullivan officially opened its Global Innovation Centre (GIC) of Excellence in Iskandar Malaysia today.

The centre is the result of a strategic collaboration with the Multimedia Development Corporation (MDeC) of Malaysia and Iskandar Investment Berhad (IIB), which oversees Iskandar Malaysia, which is the new southern development corridor in the state of Johor. The corridor has been identified as one of the catalyst developments to spur the growth of the Malaysian economy.

Frost & Sullivan global president and managing partner, Aroop Zutshi, said: "We are very pleased to be part of the developments in Iskandar Malaysia. Frost & Sullivan believes that the development of the GIC here will be a real game changer for the future of the company."

Aroop continued: "Our goal is to create new knowledge-based activities and develop specialised skills that will support Malaysia's goal to be a high-value, high-income nation by 2020."

This new GIC of Excellence in Iskandar Malaysia will host Frost & Sullivan's five centres of excellence, namely, the Consulting Centre of Excellence, Innovation Centre of Excellence, Growth Innovation Leadership University, Financial Centre of Excellence, and Digital Media Centre of Excellence.

Frost & Sullivan established an office in Kuala Lumpur, Malaysia in 2000 with 10 employees. In 2004, it set up a regional research centre, followed by a business and financial services division two years later to undertake IPO-related projects in Malaysia.

Currently, Frost & Sullivan Malaysia has 120 employees based in Kuala Lumpur. It aims to add another 830 employees in Iskandar Malaysia by 2020.

Kuala Lumpur is where Frost & Sullivan runs its largest office in Southeast Asia. According to Manoj Menon, partner & Asia Pacific managing director of Frost & Sullivan, the GIC in Iskandar will serve Frost & Sullivan's global operations and offices, providing opportunities for local employees to work on global projects.

With its presence in Iskandar Malaysia, the company hopes to play a more integral role with the country, government and industry, and to support its clients in Singapore and the region.

Said MDeC chief executive officer Datuk Badlisham Ghazali: "MSC Malaysia welcomes companies who continue to look at Malaysia for future growth and bring new competencies and skill sets into the country. One example is the digital media centre of excellence which will see content being developed in new formats for different applications."

IIB president and chief executive officer Datuk Syed Mohamed said: "As a catalytic developer of Iskandar Malaysia, IIB, via our flagship project Medini Iskandar Malaysia, is committed in putting the crucial foundation in place in the quest to transform the corridor into one of the regions emerging economic powerhouse."

 

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