Move to entice Indian textile companies to set up business in Malacca

YarnsandFibers News Bureau 2015-12-31 17:00:00 – Malacca

Chief Minister of Melaka, Datuk Seri Idris Haron after the state government's monthly assembly at Seri Negeri here Monday said that Made-in-Malaysia textiles could raise the country's profile. The state is thus mulling move to attract Indian textile companies to set up business in Malacca.

According to the Chief Minister, the prosperous Indian textile industry is a giant and it could help Malacca in producing the superior quality materials for the local and foreign markets

The state is also eager to revive textile investments in the state and turn it into a main revenue earner for Malacca.

Idris noted that in 2014, Malacca attracted investments worth RM4.4 billion, including RM1.8 billion in foreign direct investments.

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