Malaysian imports from India have witnessed an unprecedented increase by almost 130% to $803 million. However, Malaysia exports to India stands at a minuscule $1.7 billion.
Malaysia’s major imports from India include: processed food products, chemical and chemical products, electrical and electronic products, textiles and clothing and manufactures of metal.
The bilateral trade has opened new window of opportunity in the field of technical collaboration, research and development and franchisee operations, opined Datuk Merlyn Kasimir, CEO of Malaysia External Trade Development Corporation (MATRADE).
Franchisee operations in different verticals like optical industry, non-formal primary education, convenience stores and healthcare is said to offer good growth prospects.
At present, India had invested around $419.9 million in total of 144 projects in Malaysia. The prominent sectors in which India has made investment include: petroleum products, textiles and textile products, rubber products, chemical and chemical products.