Selangor Seeks More Investors From Green Technology Sector

         

BERNAMA, January 26, 2010

SHAH ALAM: Selangor aims to attract more investors from the green technology and renewable energy technology sector this year, State Exco for Trade, Industry and Investment, Teresa Kok, said on Thuesday.

The Malaysian Budget for 2010 had outlined some incentives for investment in green and renewable energy, Kok said.

She said this after chairing a dialogue on "Licence Manufacturing, Warehouses, Services and Facilities provided by the Royal Malaysian Customs for Investors 2010" organised by SSIC Bhd here.

The state government planned to go to Germany and Holland this year to look for investors, especially those involved in solar energy and downstream manufacturing activities, Kok said.

Asked about the amount of investment received by Selangor last year, she said the state attracted RM3.9 billion worth of investments up to September last year and was waiting for the whole year figure from the Malaysian Investment Development Authority.

On the dialogue, Kok said it might suggest the economy was picking up based on the attendance of industrial representatives and the interest shown.

Among the issues brought up by the dialogue participants was the lack of facility for exporters to make tax payments to the customs department as they have to travel to the customs office in Pulau Indah WestPort to make payment.

They were hoping that the department could set up its tax payment collection offices, for example, in Shah Alam and Puchong to avoid delay in payment.

-- BERNAMA





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