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Friday, November 10, 2006



 

 

 

   Malaysia Invites Indian Investment

  Malaysia inaugurated a representative office of the Multimedia Development Corporation (MDeC) in Bangalore and invited further Indian investments to the 15 kilometer (km) wide and 50 km long special corridor dedicated to multimedia.
 

 

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Malaysia inaugurated a representative office of the Multimedia Development Corporation (MDeC) in Bangalore and invited further Indian investments to the 15 kilometer (km) wide and 50 km long special corridor dedicated to multimedia. Revealing that 55 Indian companies have invested USD 25 million in the special zone, the 30 member delegation led by Minister of Science, Technology & Innovation Jamludin Mohammad Jarjis said the field representative office will facilitate further investment and participation by Indian companies and serve as a resource point for Indian students interested in studies in Malaysia and vice-versa.

MDeC aims to create a specialized multimedia content, outsourcing, and shared services hardware design, software development, support and services and internet-based businesses special zone. Jarjis said that Malaysia is interested in collaborating with India in joint biotechnology research and also to set up an Indian-ASEAN Institute for protect Intellectual Property. He was also hopeful of corporate partnership in different sectors including infrastructural development across India to environmental services.

It is not clear what specific advantages that Malaysia offers Indian businesses or personnel compared to Singapore or Thailand . If anything, Malaysia , especially under former strongman Mahathir Mohammed, has been excessively racist against India . Police have used excessive force against tourists, illegal immigrants, and businessmen of Indian origin. Further, they have also damaged Hindu temples and all signs of a Hindu culture in the Kedah Province . Recently, Malaysia offered a visa on arrival regime for Indian tourists but looks to withdraw that because of over-staying tourists. Malaysia is also the principal opponent to an ASEAN Free Trade Agreement with India because of its selfish desire to protect its palm oil products.

Till there is a change in attitude, there is very little scope for closer ties with Malaysia

 

 

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