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Sharma seeks greater Malaysian investment in infrastructure

New Delhi, July 7 (IANS) Commerce Minister Anand Sharma Wednesday sought greater investment and participation of Malaysian sovereign investment funds in building physical infrastructure in India.

Sharma, who is leading a 15-member high-level CEOs delegation, put forth this at a meeting with the Malaysian Prime Minister, Mohammed Najib Tun Razak, in Kuala Lumpur, said a official press statement here.

According to the statement, the Malaysian Prime Minister said he wanted to expedite signing of the Comprehensive Economic Cooperation Agreement (CECA) between the two nations, and that his country’s was interested in co-developing knowledge-based industries and partnering with India in infrastructure and energy sectors.

Currently, investments from both sides are in the range of $5 billion. The priority sectors earmarked for future engagement include infrastructure, particularly highways, railways and airports, information technology (IT), biotechnology, tourism and health services.

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