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'Malaysia keen to contribute to Make in India'

IANS  |  New Delhi 

is keen to invest more in to contribute to the government's 'Make in India' campaign, visiting Malaysian Trade and Industry Minister Mustapa Bin Mohamed said here Thursday.

Addressing a seminar on "India-Trade and Economic Cooperation in the Context of Indian Economy Dynamism and India's Act East Policy" here, Mohamed said that and have been close friends and are important trading partners. Their bilateral trade volume stands at $13.5 billion and is poised to reach much higher levels in future.

He also emphasised on India-ASEAN relations and said that has been important in bridging the gap between Association of Southeast Asian Nations members. He said that this is a crucial time for as it has assumed the ASEAN chair this year.

Mohamed stressed on developing closer partnerships to tap the huge unrealised economic potential between and ASEAN through greater business-to-business and people-to-people collaboration, according to a press release by Research and Information System for Developing Countries (RIS) that organized the seminar.

He said that Malaysians have been investing abroad and there are many Malaysian companies in also. is set to make more investment in to contribute to 'Make in India' campaign, he added. Malaysian investments in stand at $6 billion while Indian investment in is only $1.2 billion.

Ravi Capoor, joint secretary, in the commerce and industry ministry, added this is the time for East. He said that while there is an India-CECA in place but its utilisation has been only 5 percent. "To overcome this, we need to educate our industries to increase our business," he said.

Sachin Chaturvedi, director-general, RIS said that with the change in government, is undergoing many policy changes of which four dimensions could be highlighted. These include investment, infrastructure, ease of doing business, technology and innovation and labour reforms.

Mohamed is on a three-day visit to

First Published: Thu, January 15 2015. 22:44 IST
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