Muhyiddin Woos Indian Investors In Mumbai
Warning: strip_tags() expects parameter 1 to be string, array given in /home/exdcom/public_html/gopio.org.my/wp-includes/formatting.php on line 631
By P.Vijian
MUMBAI, March 9 (Bernama) — Deputy Prime Minister Tan Sri Muhyiddin Yassin has positioned Malaysia as a strategic investment destination for Indian investors, saying, the six per cent annual growth offered potential business prospects.
Speaking to a galaxy of Indian investors in Mumbai,India’s financial capital today, Muhyiddin sought to entice more Indian companies to set up operations in Malaysia.
“I urge you to explore collaborative possibilities with Malaysia to seize the opportunities,” he told a roundtable meeting with Indian corporate leaders.
An increasing number of Indian companies are eyeing Malaysia as a potential investment market.
Nearly 136 companies, both manufacturing and non-manufacturing, have established operations with investments totalling of US$1 billion (RM3.1 billion).
In 2010, India emerged as the 18th largest source of foreign investments totalling US$16 million (RM48 million), from 12 projects
“We are very enthusiastic about the escalation in interest from Indian companies on investment opportunities in Malaysia.
“We have many Indian companies that have indicated their interest in exploring investment opportunities in areas like pharmaceuticals, biotechnology, healthcare and education,” he said.
He also urged Indian investors to explore Islamic finance, halal products, and health tourism – some of the areas where Malaysia has a strong foundation.
Muhyiddin is leading a high-level delegation to India, where his stopover includes Mumbai, Delhi and Chennai.
Earlier Wednesday, he visited the Malaysian Visa Facilitation Services (VFS) Centre,where Indian travellers and travel agencies can submit their visa applications, instead of visiting the Malaysian High Commission.
Muhyiddin,who is also the chairman of the Cabinet Committee for Tourism, assured Indian travellers that Malaysia was taking all measures to ease their visit to the country.
Just last year, close to 700,000 Indian visitors, landed on Malaysian shores.
“The Malaysian government strives to continue attracting more Indian tourists by giving importance to the provision of maximum access, in particular, access to visa applications,” he said.
– BERNAMA
Source: http://www.bernama.com/bernama/v5/newsbusiness.php?id=569756
Related posts:
- India To Be Among Top 10 Investors In Malaysia In 2011
- World’s 4th Richest Man Mukesh Rates Malaysia Highly, Keen To Expand Business
- Muhyiddin Begins Five-day Official Visit To India Tuesday
- Tata eyes tie-up with Proton
- More Indian Investments Likely In Malaysia With CECA
Filed Under: Business
