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 Business

Three green tech MoUs to be inked at Astana 2017

14th June, 2017

PUTRAJAYA: The Science, Technology and Innovation (MOSTI) Minister is expected to witness the signing of three memorandums of understanding (MoUs) on green technology on June 26, 2017, at the Astana Expo 2017 in Kazakhstan.

The MoUs will involve Ronser Biotech Bhd and Nusantara Associates Limited Liability Partnership (LLP) Kazakhstan, iCycle Sdn Bhd and Guangzhou Tianhe district, as well as iCycle and India’s Kerala state.

MOSTI Minister Datuk Seri Panglima Wilfred Madius Tangau said the MoUs would enable the companies to explore ways to complement each other to improve market access for their products and services, as well as promote more cross-border investments.

“We hope the agreements would help the companies involved to improve their businesses and enhance market penetration into other countries,” he told a media briefing on the exhibition here Tuesday.

Madius will be leading a delegation comprising 26 delegates from MOSTI, Malaysian Bioeconomy Development Corporation, SIRIM Bhd, the Malaysian Foundation for Innovation and the private sector to the exhibition from June 25-26.

The five-day exhibition, themed “Green Innovation, Powering Your Future”, from June 26, focuses on the sustainability of renewable biological resources and conversion into value-added products in the food, bio- chemicals, energy and healthcare wellness industries, via innovative and efficient technologies.

On MOSTI’s participation in the event, Madius said it aimed to explore new opportunities for collaborations and to attract investments from institutions and companies located in the Central Asia region.

“Our priority would be to initiate talks with strategic business partners, who are also proponents of innovations, and at the same time, to present Malaysia’s value proposition to investors in the region,” he said. He said the expo was expected to draw about 1,000 visitors a day. –Bernama

   
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