Malaysia woos Indian investors

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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[caption id="attachment_5860" align="alignleft" width="300"] Datuk Seri Mustapa Mohamad, Malaysia's Minister of International Trade and Industry, seeks more investment from India.[/caption] 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...

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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Personal Info

Donation Total: $10.00

 

 

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