The business delegation accompanying the Malaysian Minister include, companies in sectors such as manufacturing, trading and services to explore business opportunities.
The bilateral trade between India and Malaysia during 2002-03 was to the tune of US $ 2.2 billion and it increased three-fold during 2006-07 to the tune of US $ 6.6 billion.
During 2006-07, India's exports to Malaysia stood at US $ 1.3 billion and imports from Malaysia at US $ 5.3 billion.
India's major exports to Malaysia include cathodes & sections of cathodes, meat & meat preparations, petroleum oils, onions & shallots, chemicals, cereals, yarn, garments, iron & steel etc. while major imports include petroleum oils, palm oil, electronic goods, wood manufactures, chemicals and yarn etc.
As regards foreign direct investment, Malaysia ranks 23rd largest overall investor and the second largest investor from ASEAN with a total inflow of US $ 142.98 million during the period August 1991 to July 2007.
Malaysian investments are mainly in the areas of liquified petroleum gas and other products, power plants, paging systems, and construction of highways.
There are over 10 Indian companies including 60 joint ventures operating in Malaysia. Notably, joint ventures include Thapar Group, Aditya Birla Group, BHEL, HMT, IRCON etc.
Press Information Bureau Government of India
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