text: tangible benefits for the poor~ The lab-to-lend scheme has been very successful In the case of agriculture. • Many of the results of the work done by the Defence R and 0 Organization has been transmitted to certain appl !cations as for example their work on vegetable development In Ladakh. However private Industry has been slow to make use of Indigenous research. For Instance, depslte proven technology for colour television within the country, many private corporations prefer Imported technology. A host of Incentives are being given to these corporations to use indigenous technology --Including del lcenslng, tax concessions and preferential treatment. There Is a need for better planning and coordination of SandT policy. especially to remedy gaps and imbalances. There Is also a need to solve the problem of migration of highly qualified scientists end technologists. 133 SCIENCE AND TECHNOLOGY DEVELOPMENT IN MALAYSIA . -' - - ---------------------------------------------------- POLICIES AND TRENDS INTRODUCTION The social and economic development strategies and plans In Malaysia are based on the New Economic Pol Icy (NEP>. The NEP, which was adopted In 1971, has a two-pronged objectives of: I ) reducing and eventually eradicating poverty by Income levels and employment opportunities Malaysians, irrespective of race; and raising for alI II} accelerating the process of restructuring society to correct economic Imbalances so as to reduce and eventua­ lly eliminate the Identification of race with economic functions. The emphasis of the NEP Is on the achievement of better distribution of Income, wealth and employment among the various ethnic groups that constitute Malaysia's multi-racial population of 14.8 million and also among reg Ions In the country In the context of an expanding economy. Malaysia does not, at the moment, possess an explicit science and technology pol Icy as the subject of science and technology Is diverse and o.verlaps various functions of different 
analysis: The text primarily discusses the role of science and technology in Malaysia's economic development, highlighting the importance of indigenous research and its application in various sectors, including agriculture. It also touches on the need for better planning and coordination of science and technology policy to address gaps and imbalances. Additionally, it mentions the need to encourage the use of indigenous technology and to address the migration of highly qualified scientists and technologists.