Financial Daily from THE HINDU group of publications
Thursday, Nov 14, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Industry & Economy - Foreign Trade


Indo-Malaysian chamber to boost trade ties

Our Bureau

CHENNAI, Nov. 13

A GROUP of Malaysian Indian professionals has set up the Indo-Malaysian Chamber of Commerce, which will be headquartered in Chennai. The Chamber will be formally launched in January.

Mr Muguntha, Founder-President of the Indo-Malaysian Chamber of Commerce, said that despite the increase in trade between India and Malaysia and the large number of Malaysians of Indian origin, there was no chamber to facilitate business people for the past 100 years.

At the same time, there has been a China Malaysian Chamber of Commerce in existence for a century to facilitate trade between China and Malaysia, he said.

Every two months, a Malaysian trade delegation visited India and the two countries were signatories to four agreements — the air services agreement, avoidance of double taxation agreement, economic and technical cooperation agreement and investment guarantee agreement.

These agreements were put in place to further trade and commerce, Mr Muguntha said.

Malaysia is seeking opportunities to participate in various projects such as highway, power plant construction, water supply and development in the field of tourism. Various Malaysian companies were involved in infrastructure projects, including road and highway construction.

Mr Muguntha said that India had been Malaysia's largest trade partner in the South Asian region.

In 1999, the total trade between the two countries was $2.57 billion and currently, it was now close to $3 billion.

Send this article to Friends by E-Mail
Comment on this article to BLFeedback@thehindu.co.in

Stories in this Section
Nilgiris tea growers move HC for fixing minimum price


Business confidence at June level: NCAER
New excise official takes charge
Indo-Malaysian chamber to boost trade ties
Gates Foundation denies role in vaccine purchase
Wockhardt programme to prevent AIDS
Niko strikes gas
Govt to clamp down on spurious drugs
Industries don't want to bear brunt of power politics
Global energy meet begins tomorrow
Anil Ambani pitches for stable tax regime
Rethink on some Kelkar proposals
Passport adalat in Chennai on Nov 23
BWSSB adalat today
CIL against arms taking tie-up route
Realistic count of handlooms urged
Italian cluster keen on tie-up with Tirupur
Raw material consortium on the cards for Tirupur
Bangalore to host biotech meet in April
Canada, AP tie up on geomatics
FDI norms issued for tech specialty magazines
Help at hand for women
`Deregulatory slackness slows FDI flow'
`WTO panel must give priority to farm sops'
CRY reports to donors on how the money is spent
China to hardsell diverse products at Delhi fair


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line