To explore and improve two-way trade and investment between India and Malaysia, the Industries and Commerce Department, Assam, signed an MoU with Malaysia India Business Council (MIBC) in the presence of Industries and Commerce Minister Chandra Mohan Patowary and MIBC president Tan Sri Ir Kuna Sittampalam on Sunday.
Both parties agreed to accelerate engagement, trade and cultural exchange to unlock the potential sectors between Assam and Malaysia.
It was also decided to explore and improve two-way trade and investment between India and Malaysia in sectors like education, tourism, primary industries, etc. Assistance will be accorded to business or trade missions from India visiting Malaysia and vice versa in seminars, conferences, exhibitions, economic and technical fairs, information bureau, symposia, or similar events taking place in both the countries.
Assuring full help and cooperation, Industries and Commerce Minister Chandra Mohan Patowary urged the Malaysian delegation to invest in sectors like infrastructure, healthcare, food processing, tea-cum-golf tourism, bamboo and agar which were supported by investment-friendly policies like the State Industrial Policy, Sugar Policy, IT Policy, Export and Logistics Policy, etc.
Minister Patowary hoped that the MoU would help in embarking a new journey of exploring opportunities and pitching investment in the potential sectors.
