Anand Sharma invites Malaysian Investments in Infrastructure, Power and Housing Sectors

(PIB NEWS) Shri Anand Sharma, Union Minister for Commerce & Industry, during a bilateral meeting with Mr. Mustapa Mohamed, Minister of International Trade & Industry, Malaysia here today has invited Malaysian investments into India in sectors such as infrastructure, power, housing, etc. Both the Ministers discussed ways to enhance India-Malaysia trade and investment. They noted that bilateral trade has grown robustly at a Compounded Annual Growth Rate of 29 % during the last five years and has crossed the US $ 10 billion mark in 2008-09. During his interaction, Shri Sharma urged the Malaysian Minister to facilitate the conclusion of India-ASEAN Services & Investment Agreement negotiations. The Ministers also discussed the state of play of the Doha Round negotiations at the WTO. Both sides reviewed the status of India-Malaysia Comprehensive Economic Cooperation Agreement (CECA) negotiations and noted that two rounds of negotiations have taken place so far. They mandated officials to conclude the CECA negotiations by the end of 2010. The Malaysian Minister invited Shri Sharma to visit Malaysia in June 2010 along with a business delegation, ============================================================