Home / General / (UPDATE) INDIA’S BIGGEST INVESTMENT SUMMIT BECKONS FOR MALAYSIAN BUSINESSES

(UPDATE) INDIA’S BIGGEST INVESTMENT SUMMIT BECKONS FOR MALAYSIAN BUSINESSES

By Zarul Effendi Razali

KUALA LUMPUR, Malaysia Oct 5 (NNN-Bernama) Vibrant Gujarat Global Summit 2019, India’s biggest investment summit, will be the best platform for Malaysian businesses seeking to make their foray into the rapidly developing country or to strengthen their presence there.

The summit’s head of delegation, Rajkumar Beniwal, said the summit would provide a platform for businesses from all over the world to expand into India and bring new investments back to their countries through trade and investment activities.

More than 100 countries with over 3,000 participants and almost 25,000 local delegates will collaborate and showcase their strengths, he told Bernama after the summit’s roadshow here yesterday.

The summit will be held on Jan 18-20 next year.

Beniwal said the International Monetary Fund estimated India’s gross domestic product would grow to US$44 trillion by 2050 from the current US$2.8 trillion, surpassing the United States as the world’s second largest economy.

The rapid growth of the Indian economy will definitely provide a lot of investment opportunities in various sectors for foreign businesses. Malaysian businesses should take these opportunities to come and invest here, he said.

Beniwal said investment opportunities were plentiful, especially in infrastructure projects catering to India’s rapid development.

We are (also) in the process of making a special region for industrial development, Dholera (Special Investment Region) in Gujarat, he said, adding that the state would also provide many opportunities in the export sector.

Businesses can manufacture their products there and export the finished products to the Middle East, Africa and Europe via ports in the state.

We have two big ports and around 45 medium and small ports which can cater for the export of goods. There are a lot of activities currently taking place in Gujarat in terms of investment, economy and business facilitation, he added.

Source: NAM News Network

Check Also

MALAYSIAN PM TELLS MATRADE TO EMPLOY BIG DATA TO HELP LOCAL ENTREPRENEURS

KUALA LUMPUR, Malaysia, Oct 18 (NNN-BERNAMA) - Prime Minister, Mahathir, says, Malaysia External Trade Development Corporation (MATRADE), being the nation's trade promotion agency, should employ more big data to help local entrepreneurs produce the rig...