ID :
212420
Wed, 10/12/2011 - 13:06
Auther :

MALAYSIAN COMPANIES WOO INDIAN BUYERS AT "SHOWCASE MALAYSIA" EXPO

MUMBAI, Oct 12 (Bernama) -- Over 40 Malaysian companies are showcasing their
products and services at the three-day "Showcase Malaysia" expo beginning
Wednesday in India's financial capital, signaling the growing interest in the

economically-robust South Asian market.

Small-and-medium scale companies are taking part in the exhibition
organised by the Malaysia External Trade Development Corporation (Matrade).

"The staging of this Showcase Malaysia in Mumbai is intended to enhance
trade and investment between India and Malaysia in the light of our new alliance
through bilateral and multilateral FTAs (free trade agreement)," Matrade
Chairman Mah Siew Keong said at the opening of the mega event.

Speaking to Bernama on the sidelines of the expo, Mah said Malaysian
companies had successfully made a mark among Indian buyers as Malaysian-made
goods were in popular demand.

"Many Indian companies and consumers view Malaysia as a producer of quality
and high-tech products, as good as European products, and also reliability of
supply. There is trust in Malaysian products now," he added.

At the Bombay Convention and Exhibition Centre, an assortment of companies
from logistics, light foodstuff, wood products, oil and gas to automotive
producers are wooing Indian buyers.

The huge participation, Mah said was clear indication that the interest of
Malaysian companies were growing in India which was also propelling two-way
trade.

India-Malaysia bilateral trade stood at US$7.2 billion (RM23 billion) in the
first half of the year, up 36 per cent, compared with the same period last
year.

"We expect trade between Malaysia and India to double in the next five
years, this is achievable. There is tremendous potential and I would like more
Malaysian companies to look at India," he added.

-- BERNAMA



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