|
Kuala
Lumpur: Malaysia said its foreign direct investment in India was nearly
$ 300 million between April 2000 to June last year, making it the
27th largest overall foreign investor in the sub-continent.
Malaysia’s foreign direct investment (FDI)
in India totalled $
298.8 million during the period, Prime Minister Najib Razak told
business leaders attending the SME Innovation Showcase (Smidex)
2012.
Razak said that if investments made through third country
routes were taken into account, Malaysia’s cumulative investment
in India exceeded $ 6 billion.
“Indian investment in Malaysia is small in relative terms but has
doubled from the previous year and is now valued at 98 million
ringgit. There are 77 Indian companies, including Indian joint
ventures, operating in Malaysia. Regionally, the conclusion of the
Asean-India Free Trade Area (AIFTA) has also helped increase trade
and investment between Asian countries and India,” he added.
Najib said the AIFTA Trade in Goods Agreement (TIG), which came
into effect on Jan 1, 2010, will likely facilitate the “creation
of an open market in a region with a total combined population of
approximately 1.8 billion”.
He named several areas of growth to
assist the development of small and medium-sized enterprises (SMEs),
including training and the upgrading of skills in financial
support services, business matching services, marketing support
services and creative innovation assimilation.
International Trade and Industry Minister Mustapa Mohamed said
business matching at Smidex had reached 120 million ringgit (37.5
million $) since Wednesday compared to 119 million ringgit for the
whole of last year.
|
Comments
|
Quick links