Indian team to boost trade in Malaysia, Singapore

Tuesday, 20 July 2004, 19:30 IST
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NEW DELHI: An Indian business team will embark on a four-day visit to Malaysia and Singapore Tuesday to further strengthen bilateral trade relations and create awareness about the changing economic scenario in India. The 11-member delegation will also focus on attracting Malaysian and Singaporean countries in the domestic infrastructure sector, said the organisers, Confederation of Indian Industry (CII), Monday. Malaysia and Singapore have traditionally been strong partners of India in the infrastructure and construction sector, said the industry lobby group. "Both countries have shown interest and have invested in roads and highways, ports, industrial parks, and logistics. While Malaysia has many joint ventures in the road sector, Singapore has considerable stake in the ports sector," it said. "The mission will seek to further build on the traditional friendship and would look to join hands for more joint ventures for infrastructure developments in India in partnership with Malaysia and Singapore." The CII statement said the business delegation would highlight existing opportunities in the field of infrastructure in India. Increasing investment in the infrastructure sector in India has unlocked immense business potential in the construction and allied activities. The Indian team members would meet with key industry representatives as well as government officials during their visit to Malaysia and Singapore, said the statement. Two conferences are being organised in Malaysia and Singapore where the Indian industrialists would make presentations on power, roads and highways, ports and special economic zones, airport and aviation sector and project financing.
Source: IANS
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