India – Malaysia Bilateral Trade

The federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) organized an interactive meeting with His Excellency Mr. Zainuddin A. Jalil, Trade Commissioner, Consulate General Of Malaysia (Trade Section) Chennai. “India – Malaysia Bilateral Trade and the Opportunities for Indian Businessmen” on 18^th Feb 2011 at J.S. Krishna Murthy Hall, Federation House, Hyderabad Mr. Shekhar Agarwal, President, FAPCCI, Chairman Sri Srinivas Ayyadevara, International Trade committee, FAPCCI, Co-Chairman Sri C.V. Hariharan FAPCCI, and import & export members are participated at the meeting.

Mr. Zainuddin A. Jalil Trade Commissioner, Consulate General of Malaysia (Trade Section) Chennai, presented the power point presentation on “India – Malaysia Bilateral Trade and the Opportunities for Indian Businessmen”. In this occasion Mr. Jalil invited Indian businessmen and Entrepreneurs’ to participate in the forthcoming international trade and business exhibition “Malaysia International Halal Showcase” from 6 to 9^th April 2011 at Kuala Lampur, Malaysia. He explained the priorities and opportunities of the forthcoming trade exhibition. Particularly he is invited from Mining, Service, Business Networking organizations, meet manufacturers and other Food product based exporters. He explained the facilities to the participants from the Malaysian government and he offered incentives room 4Days & 3Nights and Transfers (airport-hotel-venue) free transportation in the city etc. He requested the participants for more details to contact on E Mail: chennai@matrade.gov.my or log on www.matrade.gov.my.

Mr. Shekhar Agarwal President, FAPCCI, explained the Economic & Commercial Relations are emerging as the mainstay of the bilateral relationship. Indian companies have invested about US $ 2 billion, making it the 7^th largest investor in Malaysia.

It is understood that India & Malaysia will be signing a Comprehensive Economic Cooperation Agreement (CECA) today. The Malaysia-India CECA is a free trade agreement that covers trade in goods and services, investment, as well as economic cooperation. At present there are more than 77 Indian companies’ including 61 Indian joint ventures operating in Malaysia. The highest investment proposals have been in the telecommunications, followed by fuels (power and oil refinery) sector and Roads and Highways.

India is an important trading partner for Malaysia and bilateral trade between the two has been on the rise.

Mr. Srinivas Ayyadevara International Trade committee, FAPCCI, presented the Literature & Memento to Mr. Zainuddin A. Jalil Trade Commissioner, Consulate General of Malaysia (Trade Section) Chennai.