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IGEM 2020 generates potential investment of RM3.4 bilion – Tuan Ibrahim

IGEM 2020 generates potential investment of RM3.4 bilion – Tuan Ibrahim

26 Jan 2021

The International Greentech and Eco Products Exhibition and Conference Malaysia (IGEM) 2020 held on Oct 19 to 23 last year received participation from 79 countries and successfully generated potential investment of RM3.4 billion.

Environment and Water Minister Datuk Seri Tuan Ibrahim Tuan Man said the event, although organised in a virtual environment, had not only given the participants the opportunity to interact with world-renowned experts in the field of green technology but also to explore various new opportunities and collaborations through the business matching system.

“2020 was a very challenging year as the global COVID-19 pandemic had badly affected the business ecosystem and the economic growth of the country.

“Nevertheless, we are grateful that IGEM 2020 was successfully held as scheduled,” he said when announcing the outcome of the IGEM 2020 at a virtual press conference here today.

The minister said the success of IGEM 2020 was made possible by the commitment and strategic partnership and collaboration from other government agencies involved, namely the Ministry of International Trade and Industry (MITI), Malaysian Investment Development Authority (MIDA) and the Malaysia External Trade Development Corporation (Matrade).

Tuan Ibrahim said had also created history as the first exhibition-and-conference event organised virtually in the new normal in Malaysia.

He said IGEM will continue to play an essential role as an annual platform of interaction among the industry players, entrepreneurs, non-governmental organisations and the people in an effective manner to boost the development of the national green agenda.

As such, he called on all quarters to continue supporting the organising of IGEM 2021, which is scheduled to take place for six months from July 1 to Dec 31 this year.

“Based on the experience and success of last year’s virtual edition, we expect the IGEM 2021 will be implemented in a hybrid manner, which is both physically and virtually.

“The commitment from all quarters is crucial to ensure the IGEM continues to excel as a leading green technology business and innovation platform in the region and boost the country’s green economic growth and joint action to address climate change,” he said.

Meanwhile, Malaysian Green Technology and Climate Change Centre (MGTC) chief executive officer Shamsul Bahar Mohd Nor explained the six-month period allocated for the IGEM 2021 was meant to enable it to lure more participation from relevant stakeholders and industries.

“The whole event is for six months. So there will be a lot of conferences and seminars be conducted, and together with MIDA we hope we could actually garner more investments coming to Malaysia,” he said.

Source: Bernama

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