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Thursday, Nov 09, 2006

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Info-Tech - Off-shore Development
States - Karnataka
Malaysia woos Indian IT investors

Our Bureau

Bangalore , Nov. 8

The Malaysian Multimedia Development Corporation (MDeC) on Wednesday opened its India office here as part of its strategy to woo Indian investors from the IT sector to the Malaysian Super Corridor (MSC), a dedicated infrastructure for ICT.

The effort was to offer the MSC as a cost-effective base for Indian small and medium enterprises for tapping the international market, including that of the ASEAN.

Indian investors, with an aggregate investment of $25 million, could exploit the presence of the multinational ICT corporations for enhancing their prospects in the global market. MSC targets to more than double the current strength of 55 Indian IT companies.

Announcing the opening of the MDeC office, the Malaysian Minister for Science and Technology, Mr Jamaludin Mohd Jarjis, said the office would help in arranging business-to-business tie-ups between MSC-status companies and Indian ICT firms.

The two countries are also considering a proposal to set up a centre for intellectual property for joint development, he said; no specific venue had been decided yet, he added.

Bilateral cooperation

Mr Mohd Jarjis underlined the importance of bilateral cooperation in areas like biotechnology pharmaceuticals and said the Asian partners should work together to tap the huge market in the region instead of looking to the West.

He said India and Malaysia, through joint research, could minimise the cost of drug development, particularly for tropical diseases. The ASEAN and the Asian markets offered a huge potential with more than three billion people living in the region.

Mr Badlisham Ghazali, CEO, MDeC, said that his organisation would seek expertise from Bangalore in key areas such as creative multimedia content, including animation, games, special effects or e-learning content, outsourcing and shared services and hardware design, software development, support and services, and Internet-based businesses.

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