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Mustapha Visit To India 27 Jan 2014
Mustapha Visit To India 27 Jan 2014
Mustapha Visit To India 27 Jan 2014
YB Dato ' Sri Mustapa Mohamed, Minister of International Trade and Industry will lead a SME based
Trade and Investment Mission to Bangalore and Chennai, India from 27 - 30 January 2014 in conjunction
with his working visit to attend the 19th Partnership Summit, organised by Consortium of Indian Industries
(CII).
• to explore the domestic market and open up business opportunities and investment in
second tier cities (Pune, Bangalore and Chennai) in India;
• to strengthen bilateral ties and business networkings with the Indian counterparts.
Programmes scheduled for YB Dato ' Sri Mustapa Mohamed during the Trade and Investment Mission to
India include:
i. Plenary Session 2: “Entering into a New Trade Era Post Baliâ€; and
ii. Plenary Session 3: “Emergence of New Mega-Trading Blocks and their Impact
on Global Tradeâ€
• meeting with Hon. Anand Sharma, Indian Minister of Commerce and Industry;
• addressing the Malaysia-India CEO Forum together with Hon. Anand Sharma;
• meeting with major Indian companies to attract investment into Malaysia; and
The Partnership Summit, the annual flagship event of Confederation of Indian Industry (CII), organized
in association with the Ministry of Commerce and Industry, Government of India, started in 1995 to
commemorate the Confederations centenary year.
With over 19 of active engagement and collaboration of India with the rest of the world, the Partnership
Summit, from the very onset, provided a platform to stimulate discussions among all key stakeholders
- political, institutional, business, media and academia - on the best strategies and policy to help the
countries overcome obstacles to improving competitiveness and achieving inclusive growth.
The Partnership Summit 2014 is a collaboration of the Department of Industrial Policy and Promotion of
the Ministry of Commerce and Industry of India, the Government of Karnataka, and the Confederation of
Indian Industry. It is the 20th such annual event organized by CII.
MICEOF
Objective
i. allow for a consultative process to address issues that stand in the way of enhancing the
economic and commercial relationship between the two countries; and
ii. encourage the establishment of a new economic partnership to present Malaysia and India
with sustainable opportunities to increase trade and investment activities, enhance market
access for goods & services and develop greater competitiveness in both countries by
leveraging their respective strengths.
Scope
• identify problems and bottlenecks that could be addressed to further enhance economic
involvement between the two countries;
• focus on areas that need to be addressed to improve the overall business climate and
encourage reciprocal trade and investment by Malaysia and India; and
• facilitate to explore possibilities for collaboration and business alliances between Malaysian
and Indian companies.
• encourage dialogues between enterprises from the two countries and help develop
synergies to explore business opportunities in third countries.
Membership
• India is an important trading partner for Malaysia. Since 1998, India has been Malaysia’s
largest export destination in the South Asian region.
• Bilateral trade between Malaysia and India has been on an upward trend. From 2002-2012,
trade has increased by more than five-fold.
• Msia and India has set target for trade value to reach USD20 billion in 2015.
• In 2012:
• Malaysia recorded a new trade high with India. Total trade with India increased by
7.3% from 2011 to reach US$13.3 billion.
• Malaysia's exports to India increased by 4.2% from US$9.2 billion in 2011 to US$9.5
billion in 2012.
• Total imports recorded an increase of 15.9% from US$3.3 billion in 2011 to US$3.8
billion in 2012.
• trade with India amounted to US$12.34 billion (RM38.74 billion), an increase of 1.4%
as compared to Jan-Nov 2012; and
• Exports contracted by 14.1% to US$7.43 billion (RM23.34 billion) while imports
recorded a tremendous increase of 39.6% to US$4.91 billion (RM15.40 billion).
INVESTMENT
• In 2012, a total of 12 manufacturing projects with Indian participation were approved with
investments worth US$295.2 million (RM903.2 million).
• From 2007 - 2012, a total of 35 manufacturing projects with Indian participation were
implemented with total investments of US$1.00 billion (RM3.31 billion). These projects have
created 9,458 jobs.