Tuesday, October 5, 2010

Malaysia to push green tech in Budget 2011

The Ministry of Energy, Green Technology and Water has proposed measures to encourage more firms to get involved in the development of green technology under Budget 2011.

Minister Datuk Seri Chin Fah Kui said the ministry's proposals included incentives and tax deductions. "The ministry is promoting green technology as it is a new sector to get involved in," he told a media briefing at the ministry's Hari Raya open house here today.

Chin said the ministry would host the International Greentech and Eco Products Exhibition and Conference 2010 (IGEM 2010) from Oct 14-17, 2010 to promote the green technology.

"Of the 500 firms that will participate in IGEM 2010, about 80 per cent of them are from overseas. "Among the countries coming for the exhibition include those from Europe, Japan, South Korea, China and Singapore," he said.

He said this would be the first time IGEM 2010 would be held on a big scale. "The IGEM will also let the foreign countries know that Malaysia is also encouraging the adoption of green technology," he said.

Chin said a roundtable of ministers involved in green technology and institutions of higher learning locally and overseas would also be held in conjunction with IGEM 2010.

IGEM 2010, which aims to promote green technology and its products, will be held at the Kuala Lumpur Convention Centre. -- Bernama

Read more: Malaysia to push green tech in Budget 2011 http://www.btimes.com.my/Current_News/BTIMES/articles/20101005184644/Article/index_html#ixzz11UGYu9zx

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