India invites Malaysian investments in Infra
India and Malaysia look to strengthen their collaboration in the infrastructure sector. India’s Commerce and Industry Minister Anand Sharma who lead a 15-member high-level CEO delegation to Malaysia, while calling on the Malaysian Prime Minister Mohd Najib Tun Razak, held wide ranging discussions on issues of shared bilateral interest.
Sharma called for greater Malaysian investments in building physical infrastructure and the participation of Malaysian sovereign investment funds.
Prime Minister Najib evinced keen interest in collaboration in infrastructure, energy and gave a special emphasis on renewable energy collaboration for rural electrification in Malaysia. He expressed satisfaction on the dynamism of India- Malaysia bilateral trade, expressing hope that the target of US$15 billion would be met much earlier than 2015. He further underlined the growing partnership between Indian and Malaysian corporates, specially commending the Terminal 3 of IGI Airport as a shining example of collaboration.
Both the countries have identified infrastructure, particularly highways, railways and airports as their priority sectors for future engagement besides focusing other sectors like IT, ITES, Biotechnology, tourism and health services. They also agreed to encourage joint investment projects in third countries, citing the successful execution of airport project in Istanbul.