Malaysia woos Indian investors

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Datuk Seri Mustapa Mohamad, Malaysia’s Minister of International Trade and Industry, seeks more investment from India.

Malaysia is trying to attract more Indian companies to invest and expand in the country, positioning itself as a strategic location in the heart of Southeast Asia.

Datuk Seri Mustapa Mohamad, Malaysia’s Minister of International Trade and Industry, told Indian businesses during a visit to Mumbai on December 13 that Malaysia with its preferential access through regional and bilateral Free Trade Agreements served as a gateway to markets in ASEAN, a 10-member country with a 600-million population, and also was supported by a pro-business government and political stability.

“Indian companies’ investment in Malaysia, mainly via acquisitions, amounted to $259.8 million between January and October 2012. We can do more,” the minister said.

The major areas of investments from India are textile and textile products, paper, printing and publishing, petroleum products, chemicals and chemicals products and food manufacturing.

Recently, India’s industry conglomerate Reliance Group acquired BP’s oil and gas processing plant based in Kuantan, Pahang for $235 million, making India as the eighth largest investor in Malaysia as of October 2012. Reliance also said it is on the lookout for other opportunities in the oil and gas, refinery and petrochemicals sectors in Malaysia.

Among other Indian companies that have presence in Malaysia are Tamco Switchgear, Ranbaxy, Satyam, Infosys and Tata Consultancy Services.

 

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Reading Time: 1 minute

Datuk Seri Mustapa Mohamad, Malaysia’s Minister of International Trade and Industry, seeks more investment from India.

Malaysia is trying to attract more Indian companies to invest and expand in the country, positioning itself as a strategic location in the heart of Southeast Asia.

Reading Time: 1 minute

Datuk Seri Mustapa Mohamad, Malaysia’s Minister of International Trade and Industry, seeks more investment from India.

Malaysia is trying to attract more Indian companies to invest and expand in the country, positioning itself as a strategic location in the heart of Southeast Asia.

Datuk Seri Mustapa Mohamad, Malaysia’s Minister of International Trade and Industry, told Indian businesses during a visit to Mumbai on December 13 that Malaysia with its preferential access through regional and bilateral Free Trade Agreements served as a gateway to markets in ASEAN, a 10-member country with a 600-million population, and also was supported by a pro-business government and political stability.

“Indian companies’ investment in Malaysia, mainly via acquisitions, amounted to $259.8 million between January and October 2012. We can do more,” the minister said.

The major areas of investments from India are textile and textile products, paper, printing and publishing, petroleum products, chemicals and chemicals products and food manufacturing.

Recently, India’s industry conglomerate Reliance Group acquired BP’s oil and gas processing plant based in Kuantan, Pahang for $235 million, making India as the eighth largest investor in Malaysia as of October 2012. Reliance also said it is on the lookout for other opportunities in the oil and gas, refinery and petrochemicals sectors in Malaysia.

Among other Indian companies that have presence in Malaysia are Tamco Switchgear, Ranbaxy, Satyam, Infosys and Tata Consultancy Services.

 

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