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Investments have been received from Malaysian companies in various sectors including Construction Development: Townships, housing, built-up infrastructure and construction-development projects. Top five sectors that have attracted FDI equity inflows from Malaysia between April 2000 and May 2014 are as under:
Sectors | Amount of FDI equity inflows | % of FDI equity inflows from Malaysia | |
| Rs. in crore | US$ in million | |
Non-conventional Energy | 1,760.38 | 312.72 | 43.48 |
Construction Development: Townships, housing, built-up infrastructure and construction-development projects | 350.63 | 74.02 | 10.29 |
Metallurgical Industries | 320.59 | 64.61 | 8.98 |
Services sector | 269.29 | 54.90 | 7.63 |
Power | 181.23 | 36.79 | 5.11 |
Total | 2,882.12 | 543.04 | |
India and Malaysia has signed a Comprehensive Economic Cooperation Agreement (CECA) on 18.2.2011 which has come into effect from 1.7.2011. The Agreement includes chapters on Trade in Goods, Trade in Services, Investment and other areas of economic cooperation. Details of the Agreement are available in public domain.
India and Malaysia agreed to target a bilateral trade volume of US$ 15 billion by 2015.
The information was given by the Minister of State (Independent Charge) of the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.
Comprehensive Economic Cooperation Agreement expands trade, services, and investment cooperation between India and Malaysia under a structured economic framework. India and Malaysia implemented the Comprehensive Economic Cooperation Agreement (CECA) in 2011, establishing chapters on Trade in Goods, Trade in Services and Investment to facilitate market access and regulatory cooperation; Malaysian FDI has been concentrated in non conventional energy, construction development, metallurgical industries, services and power, and the governments have set a bilateral trade target under this framework.Press 'Enter' after typing page number.