India & Malaysia keen to improve bilateral trade, investment, tourism
Updated: Sep 09, 2014 03:01:02pm
New Delhi, Sept 9 (KNN) In a meeting with the Minister of Natural Resources and Environment of Malaysia and the President of the Malaysian Indian Congress, Prime Minister Narendra Modi has expressed his desire for enhancing trade, investment, tourism, educational and cultural ties between the two countries.
Modi met with Minister of Natural Resources and Environment of Malaysia Datuk Seri G Palanivel and the President of the Malaysian Indian Congress here today.
The Prime Minister highlighted the importance of close cooperation between India and Malaysia as well as other ASEAN countries in advancing collective regional action for peace, stability and prosperity in the region.
Meanwhile, Palanivel sought enhanced cooperation in the areas of conservation of forests, wildlife protection, climate change technology and promotion of people to people contacts.
Further, on behalf of the Prime Minister of Malaysia, he extended an invitation to the Prime Minister to visit Malaysia. Modi agreed to visit Malaysia at a mutually convenient time.
Modi lauded the over 2 million strong Indian community in Malaysia for enriching the fabric of Malaysia`s pluralist society and for contributing to Malaysia`s economic development.
Bilateral trade between India and Malaysia stood at USD 13.4 billion in 2013. As of now, the bilateral trade is in Malaysia’s favour. Trade between the two countries has been on an upward trend – increasing more than four fold in the 2003-12 period.
Malaysia’s main exports to India are palm oil, electrical and electronic products, crude petroleum, chemicals and transport equipment.
Indian exports to Malaysia are refined petro products, live animals and meat, agri-produce and cereal. (KNN/SD)
Modi met with Minister of Natural Resources and Environment of Malaysia Datuk Seri G Palanivel and the President of the Malaysian Indian Congress here today.
The Prime Minister highlighted the importance of close cooperation between India and Malaysia as well as other ASEAN countries in advancing collective regional action for peace, stability and prosperity in the region.
Meanwhile, Palanivel sought enhanced cooperation in the areas of conservation of forests, wildlife protection, climate change technology and promotion of people to people contacts.
Further, on behalf of the Prime Minister of Malaysia, he extended an invitation to the Prime Minister to visit Malaysia. Modi agreed to visit Malaysia at a mutually convenient time.
Modi lauded the over 2 million strong Indian community in Malaysia for enriching the fabric of Malaysia`s pluralist society and for contributing to Malaysia`s economic development.
Bilateral trade between India and Malaysia stood at USD 13.4 billion in 2013. As of now, the bilateral trade is in Malaysia’s favour. Trade between the two countries has been on an upward trend – increasing more than four fold in the 2003-12 period.
Malaysia’s main exports to India are palm oil, electrical and electronic products, crude petroleum, chemicals and transport equipment.
Indian exports to Malaysia are refined petro products, live animals and meat, agri-produce and cereal. (KNN/SD)
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