She said that paper, printing, publishing, fabricated metal products, chemicals and chemical products, basic metal and wood products have been major areas of investments bu the Indian companies.
Dato' Aziz said that Malaysia is looking forward to collaboration with Indian institutions of higher learning for joint-research and research centres.
On tourism, the Minister said that the MoU on Air Services signed on 13 September 2007 between India and Malaysia will provide further impetus for tourism and trade between the two countries as both countries can designate any number of airlines to operate between two countries and facilitates 'open skies' agreement without any restrictions for all cargo services between Malaysia and India.
Malaysia and India have identified petroleum and gas, processed food, animal feed, petrochemical, oleo chemicals and medicine as potential sectors for intra – industry.
Trade and healthcare, education, IT and telecommunications, financial, tourism, architectural, construction and engineering, distribution and human resource development are other key areas for collaboration between India and Malaysia, said Dato' Aziz.
Indian investors should explore opportunities in medical devices, pharmaceuticals, construction services, biotechnology and new economic zones, said the Minister.
Talking on the Doha Round, Dato' Aziz said that at the multilateral level, India and Malaysia must continue to engage effectively in the ongoing Doha Round for a successful and ambitious outcome to the negotiations.
Mr. Gautam Thapar, Chairman, CII University – India Council and Chairman, Ballarpur Industries Ltd, said that India and Malaysia have a long standing relation for the last four decades.
Indian PSUs have executed impressive projects in Malaysia. He added that Malaysia can be a hub for Indian conglomerate to act as a gateway to ASEAN countries.
On behalf of CII, Mr. Thapar proposed the formation of CII-CEO's core group that would undertake an annual visit to Kuala Lumpur and organise an 'India – Malaysia Forum' with partners like ASLI, MIDA, MATRADE and High Commission of India in Kuala Lumpur.
CII and ASLI are jointly working on setting up an India-Malaysia CEOs Forum to provide Indian companies an experience of transformation of the Malaysian economy under Vision 2020, he added.
Confederation of Indian Industry
marketing@alchempro.com
