Deals Worth RM54 Million Negotiated At India-Asean Trade Fair

KUALA LUMPUR, March 7 (Bernama) -- Deals worth RM54million, involving Malaysian companies, were negotiated at the first ever India-Asean Trade Fair which ended in New Delhi on Sunday.

Many one-on-one business meetings were held during the five-day event which began on March 2 and several companies interviewed confirmed the vibrance and the opportunities in the market.

Malaysia External Trade Development Corporation (Matrade) said India's high growth was the major pull factor that drew Malaysian companies to participate in the trade fair.

Fifty-one Malaysian companies participated in the event including large corporations such as UEM, IJM, Proton, Perodua and Sime Engineering, it said in a statement today.

"The objective of our participation is to raise the awareness of Indian companies on Malaysia as a manufacturing hub and a world class service provider.

"We intend to organise more events in India to bring the business communities closer together. This will include specialised marketing missions focusing on specific sectors such as oil and gas, construction and related sectors and automotive," Matrade Deputy Chief Executive Officer Dr Wong Lai Sum was quoted as saying in the statement.

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