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

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Textiles | On 20th Apr 2018

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Vietnam earned $7.339 billion from textile and garment exports in the ...

Uganda yet to exploit AGOA benefits: US envoy Malac

Apparel/Garments | On 20th Apr 2018

Uganda yet to exploit AGOA benefits: US envoy Malac

Uganda is yet to take full advantage of the Africa Growth and...

Courtesy: KBR, Inc

Textiles | On 20th Apr 2018

KBR completes KPIC’s ethylene plant revamp project

KBR, Inc. has successfully completed the ethylene plant revamp...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Urmil Arya

Sushila International, a well established textile organisation established ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

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

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

Leave your Comments


April 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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
7.8%
Skip
9.7%

Total Votes: 103


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