MIDA Insights – Services
The International Greentech and Eco Products Exhibition and Conference Malaysia (IGEM) 2019 marks its 10th anniversary as the largest trade event for green technologies and eco-solutions in South East Asia. IGEM is an excellent platform for solution providers and green energy businesses to tap into the fast-expanding ASEAN market by showcasing the latest innovations within the industry. Organised annually by the Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC) in collaboration with Malaysia Green Technology Corporation (MGTC), IGEM 2019 is scheduled to be held from 9 to 11 October 2019 at the Kuala Lumpur Convention Centre (KLCC). It is expected to generate RM2.8 billion in business leads.
The theme this year, “Innovating Sustainability through Green Technologies that Empower Climate Action”, will explore the integration modes between green economy solutions and its applications, with the goal of achieving sustainable development in various global industries. Innovations in five key sectors, namely green technology, renewable energy, energy efficiency waste technology and management; and green financing and green manufacturing, will be highlighted. Additionally, pertinent issues such as the “70% global population living in cities by 2050; river pollution; working together to end plastic waste; driving towards cleaner air; reducing greenhouse gas emissions and more efficient LEDs” will be discussed, to draw attention and action from stakeholders within the industry.
Not forgetting, IGEM also serves as a platform for the display of the latest technology and overall promotion of green growth. This boosts the rapid adoption of green technology within the industry and helps create commercial opportunities for green industry players in Malaysia. Over the years, IGEM has successfully attracted over 400,000 visitors and exhibitors from over 50 countries, generating over RM23 billion in business leads and potentials.
For the 2019 edition, the 3-day event showcasing green technology solutions is expected to draw more than 350 exhibitors and 35,000 global visitors from over 35 countries. The must-visit Pavilions feature the Malaysian state governments alongside their international counterparts from the European Union, Republic of Korea and the People’s Republic of China.
Attendees are welcome to participate in the exhibition and business talks, business matching sessions by MIDA and MATRADE, conferences featuring robust dialogues, and thought-provoking sessions with panel speakers from various industries. Some particular highlights that will be showcased at IGEM this year include the introduction of new sectors, announcement of the Green Booth Awards and the National Environment Agency (NEA) 2019 partnerships as well as a special feature of Expo Dubai 2020. Ultimately, IGEM 2019 is set to be another memorable milestone in its years of running.
IGEM is a significant and essential platform for MIDA to create greater awareness of the facilities and incentives available to promote the nation’s green agenda. Since its inception in 2010, MIDA has been a keen supporter of IGEM and became a strategic partner in 2014. During IGEM 2018, MIDA recorded 111 potential green projects worth RM4.1 billion in the manufacturing and services sector. These investments were mainly Renewable Energy (RE), Energy Efficiency (EE) and Green Building and Green Data Centre projects. To date, MIDA has already received the applications from potential investors from IGEM 2018, amounting to RM1.29 billion. This is an indication of the encouraging trend of investment leads in the areas of green technology within the country.
Hence, MIDA continues to engage and participate in this commendable event to encourage more investments in green projects, providing the necessary facilitation to the stakeholders. This is in line with the Government’s inspiration to strengthen the role of the green economy and green technology, as catalysts to drive Malaysia’s aspirations for sustainable growth.
In conjunction with IGEM 2019, MIDA will be sharing information on the “Investment Opportunities in Green Technology” during the Green Insights session. Companies will have the opportunity to meet MIDA officials to obtain updates on government policies, incentives, facilities and support services available for investors during the business consultations session, particularly in the following sectors: