The first virtual edition of the 11th International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2020), which ran from 19-23 Oct 2020, delivered beyond two-fold target business leads of RM1.6 billion, achieving a pipeline of RM3.4 billion investment interest.
Themed “Energising Sustainability”, IGEM 2020 featured 161 exhibitors and registered more than 15,000 visitors from 79 countries. It clocked up to 10,000 participants engaging in the 55 conference sessions and 77 pocket talks.
The Ministry of Environment and Water (KASA) announced on Jan 26 the impressive gains, solidifying IGEM’s role as Southeast Asia’s most potent green technology, business and innovation platform.
These leads were computed from the RM3.08 billion potential investments from 64 projects recorded by the Malaysian Investment Development Authority (MIDA) and RM339 million in possible exports recorded by the Malaysia External Trade Development Corporation (MATRADE) during MATRADE’s International Sourcing Program (INSP).
Minister of Environment and Water Datuk Sri Tuan Ibrahim Man said: “It is indeed a commendable feat that IGEM 2020 has surpassed its targets, despite being held virtually for the first time and against a backdrop of global economic uncertainty.”
The Minister also announced that IGEM 2021 would take on a virtual platform again and offered sponsors, exhibitors, participants and other stakeholders greater visibility, flexibility and opportunities.
IGEM 2021 may run over six months, expected to kick-off on July 1-Dec 31, 2021.
Targetting RM2 billion in business leads with 200 exhibitor booths and over 10,000 visitors from 20 countries this year, IGEM 2021 will also see the reaffirmation of strategic investment partner MIDA and business-matching partner MATRADE to organise the much-in-demand business matching sessions for the 12th consecutive year.
Dato’ Azman Mahmud, Chief Executive Officer of MIDA, said: “The targetted RM1.6 billion business leads for IGEM 2020 have been reinforced with a new projection of RM3.08 billion investment in Renewable Energy (RE), Energy Efficiency (EE), Solar Leasing, Integrated Waste Management, Green Building and manufacturing sectors.
“The Renewable Energy segment for waste management has gained the highest investment leads of RM1.75 billion (57 per cent), followed by RM814 million (26 per cent) interest in Renewable Energy for mini-hydro.
“Starting from 2016 until September 2020, MIDA has also approved 1,317 green technology projects with investments amounting to RM18.55 billion, as well as 63 specialised green service companies with a total proposed operational expenditure of RM318.51 million, under the incentives of Green Technology.”
IGEM 2021 Virtual will be co-organised by the Malaysian Green Technology and Climate Change Centre (MGTC), the lead agency for KASA. It will develop and implement new programmes on green growth, climate change mitigation and climate change adaptation; in line with the nation’s green agenda.
Chief Executive Officer of MGTC, Shamsul Bahar Mohd Nor, said: “We look forward to IGEM 2021, which will be on a bigger scale through the hosting of international exhibitors, regional delegates, industry and thought leaders physically here in Malaysia, as well as reaching out globally to the larger community of international green entrepreneurs via the virtual platform.”
“As demonstrated by the results, the green economy continues to thrive both in Malaysia and globally. Given the countless possibilities yet to be unearthed within the sector, it is truly very exciting to witness how green economy will shape a more environmentally sustainable and economically stable Malaysia in the coming years.” — @green