Home / Knowledge / News / Textiles / Business meeting reinforces investments by US cos
Business meeting reinforces investments by US cos
28
May '08
A substantial number of American companies have proposed investment plans in Malaysia amounting to RM2.167 billion.

This can be one of the most obvious outcomes of the Malaysian trade and investment mission to the United Stated which started in Detroit on May 13 and ended in New York on May 26.

As many as 500 interested businessmen participated in the seminars which were jointly organized by the Malaysian Industrial Development Authority (MIDA) and Malaysia External Trade Development Corporation (Matrade). Moreover, representatives of state Government and other agencies also made their presence felt at the event.

A total of RM18 million in potential sales and proposed investments of RM2.167 billion were registered during these business meeting that involved about 24 Government officials and 17 private Malaysian companies.

Garments, leather and leather products, chemicals, oil and information technology were among the few important areas in which private and multinational companies of US offered to make investments.

Such overwhelming response from US companies goes to show that Malaysia still remains an attractive destination for foreign investments. This is also because the country has huge resources and labor force that can be adequately manipulated for the procuring considerable profits.

Not to mention, the bilateral trade between the two countries has shown a healthy sign for the past couple of years. US accounts for 13.4 percent of Malaysia's overall trade and in the past five years, the volume of total trade has increased by 33.5 percent to touch US $43.4 billion in 2007.


Must ReadView All

Indian govt doubles MEIS incentive for garments, madeups

Textiles | On 25th Nov 2017

Indian govt doubles MEIS incentive for garments, madeups

Amid a sharp fall in exports, especially in October 2017, the Indian...

Bangladesh agrees to EU conditions for trade benefits

Apparel/Garments | On 25th Nov 2017

Bangladesh agrees to EU conditions for trade benefits

Bangladesh has decided to amend its labour law and the Bangladesh...

Infrastructure status to boost Indian logistics sector

Textiles | On 25th Nov 2017

Infrastructure status to boost Indian logistics sector

With the Indian logistics sector being granted infrastructure status, ...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Urmil Arya

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

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Marcel Alberts
Eurofibers

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

Urs Stalder
Sanitized AG

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

Mark Paterson
Technical Absorbents Ltd

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

November 2017

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
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

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
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

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
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

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
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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