LED Consortium aims RM100m sales
The Malaysian Light Emitting Diode (LED) Consortium members aim to secure RM100 million sales by next year via its partnership with key industry players in Malaysia.
Today, the consortium comprising 10 high potential LED/SSL (solid-state lighting) companies signed a memorandum of understanding with three industry players -- Malaysia Resources Corp Bhd, Mydin Mohamed Holdings Bhd and Johor Corp.
These companies will encourage the usage of the LED/SSL in their premises, a move in line with the government's directive to promote LED/SSL lighting as a cost and energy efficient lighting solution.
The government has issued a directive to ban or phase out all incandescent and conventional lights in buildings and property projects from next year.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed, who was also present at the event, said while the consortium members were well positioned to share their expertise in the LED space with the other local players, SME Corp Malaysia would forge partnerships with various agencies under his ministry to render support (financial and non-financial) and help them achieve domestic and global competitiveness.
"As we move towards a developed economy, energy efficiency and green technology will be critical from both economic as well as environmental perspectives.
"Therefore, it's important to identify Malaysian manufacturers who will not only create future domestic demand, but also champion global growth for this high-potential industry," he added.
Usage of LED and SSL lighting solution will reduce carbon emission up to 40 per cent by 2020.-- Bernama