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