Sharma seeks greater Malaysian investment in infrastructure
July 7th, 2010 - 9:46 pm ICT by IANSNew Delhi, July 7 (IANS) Commerce Minister Anand Sharma Wednesday sought greater investment and participation of Malaysian sovereign investment funds in building physical infrastructure in India.
Sharma, who is leading a 15-member high-level CEOs delegation, put forth this at a meeting with the Malaysian Prime Minister, Mohammed Najib Tun Razak, in Kuala Lumpur, said a official press statement here.
According to the statement, the Malaysian Prime Minister said he wanted to expedite signing of the Comprehensive Economic Cooperation Agreement (CECA) between the two nations, and that his country’s was interested in co-developing knowledge-based industries and partnering with India in infrastructure and energy sectors.
Currently, investments from both sides are in the range of $5 billion. The priority sectors earmarked for future engagement include infrastructure, particularly highways, railways and airports, information technology (IT), biotechnology, tourism and health services.
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Tags: anand sharma, ceca, ceos, commerce minister, comprehensive economic cooperation agreement, developing knowledge, economic cooperation, energy sectors, health services, highways, investment funds, knowledge based industries, kuala lumpur, malaysian prime minister, minister mohammed, najib tun razak, New Delhi, physical infrastructure, priority sectors, railways