Assam signs MoU with Malaysia-India Business Council (MIBC) at Guwahati


GUWAHATI: Industries and Commerce Department signed a Memorandum of Understanding (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 here on Sunday.

Both the parties agreed to explore and improve the 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 each other’s country.

Minister Patowary said that the trilateral highway which is expected to open by 2021 will connect Assam to Malaysia through Myanmar and Thailand. “The Kaladan multi-modal project will also provide access to Sittwe sea port of Myanmar and make it easy to trade with Malaysia.

Patowary called attention to the Malaysian delegation to invest in sectors like infrastructure, healthcare, food processing, tea tourism-cum-golf tourism, bamboo and agar which are supported by investment-friendly policies like state industrial policy, sugar policy, IT policy, export and logistic policy. He requested the MIBC to open a Malaysian consulate in Guwahati and start flight connectivity between Guwahati and Kuala Lumpur.  Calling the MoU as a historical milestone MIBC president Tan Sri Ir Kuna Sittampalam said that Sittampalam added that North East can be the food basket for Malaysia as the country imports varieties of food items from India, a press release said.

Also Read: Malaysia-India Business Council Keen on Joint Investment Projects

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