India, Malaysia sign $36-bn investment proposals

Companies such as Adani Ports, Natco Pharma and others signed 31 MoUs with Malaysian companies

Nirmala Sitharaman
Minister of Commerce Nirmala Sitharaman and Prime Minister of Malaysia Najib Razak (right) at the India-Malaysia Business Forum in New Delhi on Monday. Photo: Dalip Kumar

Major Indian and Malaysian companies in the oil and gas, infrastructure and engineering sectors on Monday signed investment proposals worth $36 billion. Companies such as Adani Ports, Andhra Pradesh Gas Distribution Corporation and Natco Pharma signed 31 memoranda of understanding (MoUs) with Malaysian companies and industry bodies to facilitate investments in both countries. The developments were part of the visit by Malaysian Prime Minister Najib Razak to India.  As of December 2016, Malaysia was the 25th largest source of investment into the country, with $829 ...