Malaysia-India Business Council Keen on Joint Investment Projects

Published On 2019-11-08 04:01 GMT   |   Update On 2019-11-08 04:01 GMT


High-level meeting between MIBC & Assam Government explored possible areas of investment

Staff Reporter

Guwahati: Malaysia has shown keen interest to launch joint investment projects in the fields of tourism, transport and urban development in Assam. High-level meeting between MIBC & Assam Government explored possible areas of investment.

The development came during a high-level meeting held between Malaysia-India Business Council (MIBC) and Assam Government at the office of Guwahati Smart City Ltd here on Thursday morning. Officials of the National Investment Promotion & Facilitation Agency, an organization under the Union Ministry of Commerce also attended the meeting.

Moloy Bora, Managing Director of Guwahati Smart City Ltd told The Sentinel that the Thursday’s meeting tried to explore various potential areas for mutual investment between MIBC and Assam.

He said officials of the Transport department -- particularly the Assam State Transport Corporation and Inland Water Transport and Tourism -- highlighted the areas where there are enough potential and scopes to launch joint investment projects.

While the ASTC officials stressed on joint investment to introduce more modern transport facilities such as electric buses, the Inland Water Transport officials highlighted areas such as developing ‘Port Township’, enhancing cargo-carrying facilities through waterways and introduction of a fleet of ferries in Majuli for joint investment projects.

Tourism department officials said there is a steady rise of tourists from ASEAN countries to Assam and other parts of North East. Under such circumstances, MIBC can make investment in creating wayside amenities. They also emphasized on cultural exchange programmes between Malaysia and India particularly NE.

Bora added that the Guwahati Smart City Ltd had highlighted the possibilities of joint investments in creating modern urban infrastructures such as metro rail, flyovers, riverfront beautification and converting urban waste into energy.

The meeting ended with a note that Thursday’s discussion would be translated into workable joint investment projects, Bora pointed out.

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