Malaysian Investment Development Authority Mumbai had an Interactive Meeting with Members of FKCCI at Cabinet Hall, FKCCI.
Mr. Sudhakar S Shetty, Sr.Vice-President, welcoming Mr.Roswaidin Mohd. Zain, Consul General, Malaysian Investment Development Authority (MIDA) said there are good opportunities for our businessmen to invest in Malaysia, as it is hub for ASEAN Countries, with the increase in Trade between India and ASEAN Countries. Malaysia is a good option.
In their presentation Mr. Roswaidin Mohd. Zain stated India has good opportunities in Electrical, Electronics, Chemical, Medical, Tourism, IT etc., Malaysia has population of 32 million. The Malaysian Economy is very open and liberal for business. The Government is very pro-active and it takes the opinion of the Chambers in formulating the policies. India is the 9th largest Trading Partner with Malaysia.
During the Interaction with the members, he explained that Malaysia allows 100% repatriation of profits and there is no limit on the investment to be made. The work permits are allowed based on the project which is set-up in Malaysia. Already many Indian companies have set-up offices in Malaysia. It is easy to start business in Malaysia.
The programme was moderated by Mr.D. Suresh Kumar, Chairman, International Business Committee, Mr. C.R. Janardhana, Vice-President, FKCCI proposed Vote of Thanks, Mr. Vivek Kudtarkar, Investment Officer, MIDA coordinated the visit.