Perbadanan Kemajuan Negeri Melaka (PKNM) was established on 30th April 1971 under No.1 Enactment, 1971. PKNM is a state development agency that plays a major role to enhance the development of Melaka through the continuous involvement in various economy sector including Industrial, Small and Fair Industry, Trade and Real Estate Development.

In line with the objectives of the New Economic Policy (NEP) in particular to eradicate poverty and restructure society, PKNM is responsible for promoting Bumiputera participation more actively in the economic sector in line with the efforts to create a Bumiputera Commercial and Industrial Community (BCIC) more sustainable and viable.

Generally, the function and role PKNM based on two (2) items that promote economic sectors and strengthen the socio-economic position to prevent the successful momentum of Melaka as a State which advance, dynamic and progressive.