India is going to expand bilateral trade with Malaysia to $15 billion by 2013 from $13 billion in 2011-12 as per the discussion in India- Malaysia CEO Forum.
It was informed by Union Minister of Commerce, Industry and Textiles, Anand Shrama that India’s bilateral trade with Malaysia stood at nearly $13 billion in 2011-12 registering a growth of 34% over the previous year.
In his visit to Malaysia in July 2010 and February 2011 Anand Sharma analysed that it was required an investment from Khazanah Nasional Berhad (Government of Malaysia`s strategic investment fund) into Indian infrastructure sector through a collaborative venture with IDFC.
The Union minister, Anand Sharma has identified priority sectors of engagement including Roads & highways, Railways, Airports, IT &ITES, Biotechnology, Tourism, Health Services and JV projects in third countries. Subsequently, the two countries have entered into a Comprehensive Economic Cooperation Agreement which was signed in February 2011. The signing of this Agreement has provided considerable momentum to trade and investment on both sides.
India Malaysia to achieve a target trade of USD 15 billion
By Jagran Josh
Jan 8, 2013, 18:23 IST
Comments
All Comments (0)
Join the conversation