Minister of Human Resources, Datuk Seri Dr S.Subramaniam who is also the lead Minister for the Business Services led high bay light Economic Area under the Economic Transformation Programme, witnessed the signing ceremony. MyLED Group Chairman, Dato’ Fauzi Said and Managing Director, Encik Razali Pakeer Mohamed were also present.
Datuk Seri Dr Subra said, “MyLED Group’s focused investment in LED technology sets the company on a strong foundation for growth as this is in line with global trends and the Malaysian Government’s emphasis on building a green technology industry.
“McKinsey’s 2011 lighting market report suggests that estimated global revenues from the LED lighting market will grow at 30 per cent per annum, amounting to almost EUR 65 billion (RM277 billion) by 2020 - close to 60 per cent of the overall lighting market.
“In addition, Malaysia will stop all production, import and sales of incandescent light bulbs by or before January 2014, as part of our efforts to save power and to help cut greenhouse gas emissions. Currently, less than 5% of lights in Malaysia are LED lighting, providing led linear high bay light companies with a ready untapped domestic market.”
Datuk Seri Dr Subra said, “MyLED Group’s focused investment in LED technology sets the company on a strong foundation for growth as this is in line with global trends and the Malaysian Government’s emphasis on building a green technology industry.
“McKinsey’s 2011 lighting market report suggests that estimated global revenues from the LED lighting market will grow at 30 per cent per annum, amounting to almost EUR 65 billion (RM277 billion) by 2020 - close to 60 per cent of the overall lighting market.
“In addition, Malaysia will stop all production, import and sales of incandescent light bulbs by or before January 2014, as part of our efforts to save power and to help cut greenhouse gas emissions. Currently, less than 5% of lights in Malaysia are LED lighting, providing led linear high bay light companies with a ready untapped domestic market.”
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