Malaysian, India investment continues to grow progressively

YarnsandFibers News Bureau 2016-02-26 14:00:00 – Chennai

Ahmad Fajarazam Bin Abdul Jalil, Consul General of Malaysia for South India, speaking at a meeting organised by the India-Asean-Sri Lanka Chamber of Commerce & Industry on Wednesday said that Malaysian investments to India continued to grow and has touched 6 billion Malaysian ringgit, doubling from 3 billion Ringgit earlier and does not include small investments by Malaysian owned SMEs.

Mr. Jalil said that Indian investments to Malaysia have also increased and was valued at 1.9 billion Ringgit. Those Indian investments in Malaysia has created 14,919 jobs in different sectors including printing and publishing, textiles and textile products, petroleum products, electrical and electronic sectors.

There were over 150 Indian companies in Malaysia and there were 170 flights between the two countries with 125 flights just from South India alone. Thirty thousand people fly every week between the two countries.

Between April 2000 and September 2015, the total inflow into India from Malaysia amounted to $760.5 million, accounting for 0.3 per cent of India’s global inflows, according to a presentation made at the meeting.

In 2015, India was Malaysia’s tenth largest trading partner and twelfth biggest importer.

Trade between India and Malaysia continues to grow every year. In 2015 trade valued at 46.82 billion Malaysia Ringgit, according to top Malaysian official.

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