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BW Businessworld

Malaysia To Invest In Domestic Power Sector

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As part of plans to strengthen trade relations with India, Malaysia has offered its expertise and evinced interest in investing in the domestic hydro-electric power sector.

Malaysian Second Minster for Resource Planning and Environment Awang Tengah Ali Hasan said in Chennai, on Monday, that his country was interested in utilising the opportunities available in the field.

"We are looking at investments and sharing our expertise on hydro (electric) power in India. We are also looking at Tamil Nadu since the market potential here is huge..", Hasan said.

Hasan, who is leading a 70-member trade delegation representing the Government of Malaysia, was in Chennai as part of a five-day visit to India.

Inviting Indian businessmen to invest in his country in various potential sectors, he said they have plans to sign MoUs with various trade bodies.

"The first MoU will be between Sarawak Timber Association and Chennai Timber and Plywood Merchants Association. The second will be Sarawak Timber Association and Timber Importers Association of India Ltd (in Mumbai)," he said.

The MoU aims to promote and facilitate good collaboration and business networking between members of the both parties, he said.

Earlier, the delegation called on Tamil Nadu Governor K Rosaiah at Raj Bhavan.