Malaysia and India ink 31 business MoUs

New Delhi: Malaysia and India have signed 31 business MoUs valued at a total of US$36bil, with Malaysia taking the lion's share at US$32bil of the projects.

Prime Minister Datuk Seri Najib Tun Razak described the figure as a whopping amount.

"This is an indication of the power of the economic relationship between Malaysia and India," he said while delivering his business luncheon address at the India-Malaysia Business Forum held here Monday.

Among the significant MoUs was on the development of an integrated maritime city in Pulau Carey worth US$22.78bil, and the Pulau Carey port project worth US$9.39bil.

Najib had earlier held a roundtable meeting with Indian captains of industry, and he was  later handed a copy of the 20-page Star special supplement to mark his visit to India. 

The supplement carried articles on the growing economic and political relations between both countries, using a cover photo of Najib with Indian Prime Minister Narendra Modi in Brickfields during the latter's official visit to Kuala Lumpur in 2015.


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