ID :
210844
Mon, 10/03/2011 - 11:49
Auther :
Shortlink :
https://www.oananews.org//node/210844
The shortlink copeid
MALAYSIA, INDIA ON TRACK TO ACHIEVE US$15 BLN IN TRADE BY 2015
KUALA LUMPUR, Oct 3 (Bernama) -- Despite economic uncertainties in the United States and Europe, Malaysia and India are on track to achieving the US$15 billion target in bilateral trade by 2015, says Deputy Minister of International Trade and Industry Jacob Dungau Sagan.
He said the economic uncertainties in the west will not disrupt the smooth growing trade between both countries.
"In 2010, trade between India and Malaysia increased 14.8 per cent to US$8.9 billion, compared to 2009.
"From January to July 2011,trade with India amounted to US$7.3 billion, an increase of 36 per cent compared to the same period, last year," he said in his speech at the launch of the Global Indian Expo Fair 2011, here on Monday.
Jacob said a total of 106 projects in the manufacturing sector with Indian participation were implemented, involving an investment of US$1.13 billion.
"Malaysian investments in India, on the other hand, amounted to US$2.75 billion," he said.
-- BERNAMA
He said the economic uncertainties in the west will not disrupt the smooth growing trade between both countries.
"In 2010, trade between India and Malaysia increased 14.8 per cent to US$8.9 billion, compared to 2009.
"From January to July 2011,trade with India amounted to US$7.3 billion, an increase of 36 per cent compared to the same period, last year," he said in his speech at the launch of the Global Indian Expo Fair 2011, here on Monday.
Jacob said a total of 106 projects in the manufacturing sector with Indian participation were implemented, involving an investment of US$1.13 billion.
"Malaysian investments in India, on the other hand, amounted to US$2.75 billion," he said.
-- BERNAMA
