KUALA LUMPUR: Primary Industries Minister Teresa Kok has expressed hope that more businesses from India will invest in Malaysia and for Malaysian businesses to go to India.
She was commenting on a Reuters report saying the country’s top sugar producer MSM Malaysia, a subsidiary of oil palm plantation firm FGV Holdings Bhd, would step up its purchase of raw sugar from India. Sources described the move as part of efforts to placate New Delhi amid an ongoing spat over palm oil imports.
“I’m glad that the private sector under FGV is willing to do so. In my last visit to India, during a meeting with their minister of commerce, their main complaint was, since India buys so much palm oil from Malaysia, we should also consume more of their products which include sugar, basmati rice and many more, ” she told reporters after the Scott Garden joint management committee Chinese New Year 2020 lion dance performance event here yesterday. — Bernama