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Companies urged to venture bio-based industry

1:25am 12/11/2015 Raimrod Usop 13 views Business,Local
Dato’ Dr. Nazlee (right) presenting a memento to Datuk Madius Tangau (middle).

Dato’ Dr. Nazlee (right) presenting a memento to Datuk Madius Tangau (middle).

KOTA KINABALU: The government encourages cooperation between private and public companies in bio-based industries to gear up the state economy growth, said the Minister of Science, Technology and Innovation, Datuk Madius Tangau.

He was speaking during officiating the Bio-Economy Day at Le Meridian Hotel, this evening.

He also announced several high-impact projects under the Bio-Economy Transformation Programme for Sabah, covering the Integrated Aquaculture Facility Development by Sunligh Inno Seafood Sdn Bhd,  Shiitake Mushrooms Production Facility Expansion  by Rural Development Co-Operative (KPD) through Agrodesa Sdn Bhd, and Biogas Power Station at Kapilit Oil Palm Factory by Sabah Softwoods Berhad (SSB).

“These projects are expected to contribute up to RM858.4 million in Gross Domestic Income, with RM2.73 billion in investment and provide 4,636 additional work opportunities by the year 2020,” he said.

He also express his hope for more cooperation between ministries and active involvement of companies in benefitting the existing opportunities provided for them to venture bio-based industry.

Also present at the programme was BiotechCorp Chief Executive Officer, Dato’ Dr. Mohd Nazlee Kamal. –SayangSabah

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