Msian And Indian Companies Ink Deals Worth US$36 Bln

From D. Arul Rajoo NEW DELHI, April 3 (Bernama) -- Malaysian and Indian companies Monday inked investment deals, worth an estimated US$36 billion, in a move to further enhance bilaterial and investment ties between both countries. Out of the total, US$32.13 billion worth of projects will be implemented in Malaysia while US$3.86 billion worth of projects will be carried out in India. Prime Minister Najib Razak and International Trade and Industry Minister Mustapa Mohamed witnessed the exchange of 31 business memoranda during a business luncheon. They are related to port and highway construction, solar power plant, development of smart city & technology park, regasification terminal project, coconut & palm oil development and higher learning education. Among the significant MoU include the development of the Carey Island Port Project and integrated maritime city in Selangor, worth about US$32 billion. Malaysia-India’s Business-to-Business Memoranda comprise: 1. The joint development of the Carey Island Port Project in Selangor by MMC Port Holdings Sdn Bhd (Malaysia) and Adani Ports & Special Economic Zone Limited (India) 2. The development of an integrated maritime city to the proposed Carey Island Port Project in Selangor between MMC Port Holdings Sdn Bhd, Sime Darby Property Bhd (Malaysia) and Adani Ports and Special Economic Zone Limited (India) 3. Floating Solar Power Plant projects to be installed in Malaysia’s Hydro Power Plant Dams by Mutiara Etnik Sdn Bhd (Malaysia) and Vatsaa Energy Pvt Ltd (India) 4. Manufacturing, distribution, sales, import and export of pharmaceutical and medical products by Duopharma (M) Sdn Bhd, a subsidiary of CCM Pharmaceutical Sdn Bhd and Natco Pharma Limited. 5. Marketing and supply of Samtel Avionics products into the Malaysian market by HPC Global Sdn Bhd (Malaysia) and Samtel Avionics Limited (India) 6. To procure sufficient halal quality products to be produced in ECER Halal Park for Malaysia and global markets by Lotus Global Foods Sdn Bhd (Malaysia) and Mirha Exports Pvt. Ltd (India) 7. Training development collaboration between Pembangunan Sumber Manusia Bhd (PMSB) & ISDC (Malaysia) and Interactive Institute of Job-Skills Pvt. Ltd. (India) 8. Bangalore SMART City Project between SkyBlue Media Sdn Bhd & PSL Venture Sdn Bhd & Drachen Welle Engineering Sdn Bhd (Malaysia) and Bruhat Bengaluru Mahanagara Palike 9. Business expansion in India between Ingress Industrial (Malaysia) Sdn Bhd and Sunvisors (India) Pvt Ltd. 10. Provide higher education services at PhD, Masters and Bachelors Level between Binary University and Loyola Institute of Business Administration, Chennai 11. Sustainable Housing Projects in India between CIDB Holdings & NSL Infratech Private Limited 12. Sustainable Highway and Expressways Projects in India between CIDB Holdings & MEP Infrastructure Developers Limited 13. Sustainable Water and Wastewater Technology Treatment between CIDB Holdings and VA Tech Wabag Limited 14. Yamuna River Front Project in Delhi between CIDB Holdings and National Buildings Construction Corporation Ltd (NBCC) 15. Construction and development of large infrastructure projects between CIDB Holdings and Jaiprakash Associates Limited 16. Power plant operation and maintenance in India between TNB Repair & Maintenance Sdn Bhd and GMR Energy Limited 17. Floating storage and regasification terminal Project at Kakinada, Andhra Pradesh, between Isomeric Holdings Sdn Bhd and Andhra Pradesh Gas Distribution Corporation 18. Supplying and distributing palm oil to India between Felda Global Venture Holding Bhd and Trimex Industries 19. Marketing and supply of Hyrax Oil’s products into the Indian continent between Hyrax Oil Sdn Bhd and Lexicon 20. Development of Urea/Fertilizer Plant in Andhra Pradesh by Isomeric Holdings Sdn Bhd and VBC Fertilisers 21. Film right exchange between Nation Film Studio & FITA Studio and Modern Media Digitech India 22. Railway infrastructure projects between CIDB Holdings and IRCON 23. Venturing into India’s premium quality products focused e-market between Aladdin Group Sdn Bhd and Verified Online 24. To develop a multiple convention centre across Pan India between MRCB and Adani Realty 25. To establish a Coconut Processing Factory in Bagan Datuk, Perak, between GMIND Sdn Bhd (Malaysia) & Mezhukkattil Mills (India) 26. Malaysian Palm Oil Council (MPOC) and Mumbai Dabbawala Association to promote health and nutritional benefits of palm oil 27. MPOC and Solvent Extractors' Association of India to develop and use Malaysian palm oil 28. Malaysian Palm Oil Board and Association of Food Scientists and Technologists (India) - Mumbai Chapter to promote development and use of Malaysian palm oil 29. Promote and develop bilateral economic relationship between Malaysian Associated Indian Chambers of Commerce & Industry and Associated Chambers of Commerce and Industry in India 30. Exchange professional experience relating to services rendered to business people between Malaysian Associated Indian Chambers of Commerce & Industry and Confederation of Indian Industry 31. Collaboration to deepen regional cooperation and intensify economic integration between Malaysian Associated Indian Chambers of Commerce & Industry and Federation of Indian Chambers of Commerce and Industry -- BERNAMA