Malaysia's Business Opportunities Showcased To Indian Investors
Fahad Shabbir (@FahadShabbir) Published August 28, 2018 | 04:33 PM
Business opportunities in Malaysia were presented to a leading Indian trade association at a seminar held in New Delhi to promote bilateral economic ties.
NEW DELHI, (UrduPoint / Pakistan Point News - 28th Aug, 2018 ) :Business opportunities in Malaysia were presented to a leading Indian trade association at a seminar held in New Delhi to promote bilateral economic ties.
Officials from a number of Malaysian government agencies highlighted potential areas for business growth at the "Interactive Session on Doing Business with Malaysia" jointly organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the High Commission of Malaysia.
Trade between Malaysia and India grew by 9.9 per cent to US$7.7 billion in the first half of 2018 and the two countries hope to achieve their target of US$15 billion in an annual trade by 2020, Malaysian High Commissioner to India Hidayat Abdul Hamid said.
The volume of trade last year grew 21.6 per cent to US$14.3 billion.
Hidayat said Malaysia's strengths in areas like infrastructure, healthcare, construction, palm oil and petroleum products are well known and many top Malaysian companies are active in India.
He said Indian companies are similarly growing their presence in Malaysia in sectors such as pharmaceuticals, engineering and information technology.
"We welcome more investment from India. FICCI members may explore more investment opportunities in Malaysia.""We would like to encourage more importers to source from Malaysia since we have bilateral trade agreements namely the Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA) and the regional trade agreement ASEAN-India FTA (AIFTA)," he said.
The Malaysian agencies participating in the event on Monday included Malaysia External Trade Development Corporation (MATRADE), Malaysian Palm Oil board (MPOB), Tourism Malaysia, Malaysian Timber Council and the Malaysian Investment Development Authority (MIDA).
Related Topics
Recent Stories
Tennis: ATP Barcelona Open results - 1st update
Swiatek's perfect 10 in Stuttgart as Vondrousova stuns Sabalenka
Arandu's roads closed due to flooding
Oil tanker catches fire in Islamabad’s Blue Area
Pakistan committed to ensure safety of foreign nationals: FO
Tennis: WTA Stuttgart results - 1st update
Four passengers injured as train hit an empty vehicle
Over- speeding bus crushed to death two bike riders
Turkey's Freedom Flotilla ready to set sail for Gaza
French teen dies from heart failure after knife attack near school
Iranians appear unfazed by Isfahan blasts
UAF celebrates Int'l Chinese Language Day
More Stories From Business
-
Pakistan aims to agree outline of new IMF loan in May - Finance Minister
4 hours ago -
FTO commends FBR's role for prompt resolution of tax payers’ issues
4 hours ago -
BISP embraces E-procurement: launches inaugural tender
7 hours ago -
Business community indebted to Ahsan Zafar for his unprecedented services: Yousuf Rajput
7 hours ago -
China auto sector steps up Europe push with Spain plant
7 hours ago -
Condolence reference held in memory of FBR's officials
8 hours ago
-
Health activists ring alarm bells over 10-stick cigarette pack
8 hours ago -
Karachi receives maiden direct flight of Azerbaijan Airlines from Baku
8 hours ago -
PSX turns bullish, gains 619 points
9 hours ago -
Rupee bounces back; gains 13 paisa against dollar
8 hours ago -
Partners join hands for alternate use of marble, granite slury
8 hours ago -
Tokyo's Nikkei index tumbles 3% in morning trade
11 hours ago