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MIDA e-News



08/22/11

EU companies keen to tap opportunities in Malaysia’s green technology industry


Category: Industry News

European companies are keen to collaborate with Malaysian firms to tap the business opportunities in the relatively new green technology industry, particularly viewing Malaysia’s growing market potential.

Speaking at a media briefing in Kuala Lumpur, European-Malaysia Chamber of Commerce and Industry (EUMCCI) Chairman, David Jones attributed the interest to Malaysia’s favourable policies and regulations, noting that the European companies are not in the least affected by the sovereign debt crisis.

The interest can be seen from the participation of the 40-strong companies from nine countries in Europe at the International GreenTech and Eco Products Exhibition and Conference Malaysia (IGEM).

The year before, there were some 35 European exhibitors at the event.

Last year, Malaysia emerged as the second largest trading partner of the European Union (EU) within Asean, with total trade hitting €31.9 billion, Jones said.

He said bilateral trade in terms of systems, products and technology transfers is likely to be further enhanced following the implementation of new green policies by the Malaysian Ministry of Energy, Green Technology and Water.

Also present were the Ambassador and Head of the EU delegation to Malaysia, Vincent Piket, and Siemens President and CEO, Prakash Chandran.

Adapted from StarBiz 20 Aug 2011




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