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MIDA to Hold Briefings On Green Technology Industry

MIDA to Hold Briefings On Green Technology Industry

The Malaysian Investment
Development Authority (MIDA) will hold briefing sessions in Kota Bharu and
Kuala Terengganu on July 9 and 10 respectively, on investment opportunities and
incentives in the green technology industry.


In a statement today, MIDA said the programme, organised in collaboration with
various parties, would be a follow-up to the briefings conducted by the agency
in May last year.

“MIDA hopes the programme this time can attract more entrepreneurs in the
East Coast states to enable them to understand what green technology is all
about and the opportunities available for them in this industry.

“These include the installation of energy-efficient devices and reducing
waste through recycling initiatives. Such approaches are sustainable efforts
towards energy conservation which will help reduce environmental degradation
and greenhouse gas emissions, hence improving health levels and the
environment.”

MIDA said these matters would be discussed at the two briefing sessions,
including issues and challenges in the green technology industry and the
incentives provided by the government, such as investment tax allowance and
income tax exemption, to boost the industry.

In 2017, MIDA approved 52 green technology-related projects amounting to RM1.13
bilion and 19 green technology services worth RM80.6 million. To date, 12
projects related to green technology with income tax allowance provided, have
been approved for the peninsula’s East Coast region.

Source: Bernama

05 July 2018
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