Malaysian PM calls on Indian companies to impress for RCEP deal

Indian and Malaysian companies have signed B2B Memorandum of Understanding and other agreements worth US$36 billion in New Delhi 3 April 2017.

These pacts were part of the Malaysian Prime Minister Mohammad Najib Razak’s official visit to India to promote bilateral trade.

Najib also has called on the Indian business community to impress upon the negotiators of Regional Comprehensive Economic Partnership (RCEP) to conclude the multi-country free trade agreement by this year-end or early next year.

In 2016, India was ranked the ninth largest investor in Malaysia, with total approved investments of nearly US$300 million in eight manufacturing projects.

Najib also addressed the India-Malaysia Business Forum jointly organized by the Federation of Indian Chambers of Commerce and Industry, Confederation of Indian Industry and ASSOCHAM.

Rakesh Bharti Mittal, Vice President, CII and Vice Chairman, Bharti Enterprises, noted Malaysia’s expertise in project management.

“Malaysian companies can be strong partners in India’s ports, roads and highways, and urban rejuvenation campaigns under India’s Sagarmala and Smart Cities campaigns,” he said at the forum. fii-news.com