Home / Knowledge / News / Textiles / Govt aspires to lure Indian investors for strengthening economy
Govt aspires to lure Indian investors for strengthening economy
05
May '08
Malaysia is looking forward to draw more Foreign Direct Investment (FDI), from India in order to achieve its goal of becoming a developed nation by 2020.

In a recently held meeting Datuk Chua Jui Meng, Chairman, National Small and Medium Enterprise (SMEs) Development Council, said that, Malaysia needs to promote itself on a larger scale to attract foreign companies to establish their units here.

Malaysia India Economic Conference 2008, themed 'Strengthening Strategy Partnership in High-Growth Era', scheduled on June 25, will serve as an ideal platform for entrepreneurs of both nations to build business networks for future prospects.

Datuk Chua Jui Meng showed keen interest to attract Indian businesses in Malaysia as the former has emerged as one of the key markets of Asia. Presently, more than 100 Indian companies are operating in Malaysia and last fiscal, investment made by Indians crossed more than US $1 billion. In the present financial year, the number of ventures is expected to grow further with efforts made by local Government.

According to experts, India has substantial and varied industrial base including textile and petroleum, that could provide Malaysian firms endless opportunities for growing their businesses.

On the other hand, India is also easing its foreign investment policies in most of the sectors to attract overseas enterprises, this has even prompted Malaysian Government to make more beneficial deals with the nation.

The organizers of the summit that will be held at the Sunway Pyramid Convention Centre, are anticipating that around 1,000 business leaders and Government officials from both the countries will participate here, and help the SMEs to expand their profits as these enterprisers play a vital role in earning foreign revenues.


Must ReadView All

US announces final CVD on fine denier PSF from China, India

Textiles | On 19th Jan 2018

US announces final CVD on fine denier PSF from China, India

The US secretary of commerce Wilbur Ross recently announced the...

EU consumers to gain from cheaper, safer, better e-payments

Apparel/Garments | On 19th Jan 2018

EU consumers to gain from cheaper, safer, better e-payments

European consumers can now reap the full benefits of paying online...

Courtesy: Epson

Textiles | On 19th Jan 2018

Epson's new SC F2100 enhances DTG printing

Epson, a leader in inkjet printers and digital textile printing...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search