India-Malaysia Economic Relations
Indian and Malaysian people have enjoyed close cultural and religious affinity. Both the countries have several commonalities, which serve as a foundation for closer cooperation and multi-faceted interaction, on lines similar to what India has developed with other western countries. Both countries are members of regional organizations including the Indian Ocean Rim Association for Regional Cooperation and ASEAN Regional forum. The relationship has grown in strength and importance since India’s economic reforms in the nineties and has made rapid strides in all areas – trade, energy, biotechnology, information technology, automotive, infrastructure and real estate.
Economic interests have driven them closer. The economies of Malaysia and India are highly complementary with great potential for economic cooperation and trade. For instance, the rapid growth of the Indian population and economy has sparked huge demand for energy resources and agricultural products.
Also a number of public and private sector companies from both countries are pro-actively looking at large investment opportunities in each other’s country. Indian investment in Malaysia, is particularly strong in IT firms.
India Malaysia FDI synopsis
Foreign Direct Investment in Malaysia came in at 10.83 MYR billion in the three months to December of 2016, compared to 6.55 MYR billion in the preceding quarter. It was the highest value since the March quarter. In the final quarter 2015, foreign direct investment in the Southeast Asian economy stood at 12.18 MYR billion. Considering full 2016, total foreign direct investment in the country was at 41.18 MYR billion, down from 43.44 MYR billion in the prior year. Foreign Direct Investment in Malaysia averaged 13485.06 MYR Million from 2008 until 2016, reaching an all time high of 37325.00 MYR Million in the fourth quarter of 2011 and a record low of 4590.00 MYR Million in the third quarter of 2015.
Major Indian Companies in Malaysia
|Unitop Chemicals Pvt. Ltd.||US$ 2.99million|
|Vivo Bio Tech Ltd.||US$ 140.6million|
|Malladi Group||US$ 300million|
|Goldstone Technologies Ltd.|
|Reliance Anil DhirubhaiAmbani|
|Group’s Adlabs Films Ltd.|
|Punj Lloyd Ltd.|
|Aban Offshore Ltd.||US$ 5million|
|he Embassy Group of India||US$ 109.7million|
|Reliance Capital Asset|
|IRCON International Ltd.||US$ 1billion|
Major Malaysian Companies in India
|Ranhill Bhd.||US$ 900million|
|Mudajaya Group Berhad||US$ 150million|
|Asian Gateways Construction SdnBhd||US$ 1.4billion|
|Infrastructure Development Finance Company (IDFC)||US$ 180million|
|Sunway Group’s joint venture||US$ 113.43million|
|Oil Country Tubular Ltd. (OCTL)||US$ 12.16million|
|IJM Corp. Bhd and IDFC’||Rs. 6.75billion|
|Global Transit Ltd.||US$ 300million|
|UEM Builders Bhd|
|UMW Holdings Bhd||US$ 22.52million|
|IJM Corp. Bhd||US$ 156.7million|
|PembinaanRedzaiSdnBhd (PRSB)||US$ 2billion|
|Construction Industries Development Board (CIDB)||US$ 120million|