IGEM 2019 targets RM2.8b investments — Yeo Bee Yin

KUALA LUMPUR (Oct 9): The Ministry of Energy, Science, Technology, Environment and Climate Change (Mestecc) is targeting investments totalling RM2.8 billion — the highest in the past decade — from the 10th edition of the International Greentech and Eco Products Exhibition and Conference Malaysia (IGEM).

“We anticipate that a lot of the investment will be at renewable energy because the government is releasing a lot of different policies regarding renewable energy,” Mestecc Minister Yeo Bee Yin told reporters at the event.

She said IGEM has generated total investments of RM23 billion from 2010 to 2018.

For this year’s edition, which starts today, Mestecc has allocated a sum of RM3 million, Yeo said.

“IGEM 2019 is important for us to promote business matching in order to create new business partners and business opportunities in the low carbon economy,” she said, adding that the exhibition aims to attract some 35,000 visitors.

IGEM 2019, organised by Mestecc and the Malaysian Green Technology Corporation, features leading and aspiring corporations involved in renewable energy, energy efficiency, transport, waste, water, manufacturing and agriculture. There are more than 300 booths from 35 countries at the exhibition.

Source : The Edge Market