Wednesday, March 3, 2021
Home Business Malaysia, China express keenness to invest in India

Malaysia, China express keenness to invest in India

NewsGram Staff Writer

New Delhi:  Malaysia is keen to invest around $30 billion in urban development and housing projects in India.

The interest was expressed during the meeting of a 30-member Malaysian delegation led by Malaysia’s Works Mionister Haji Fadillah Bin Haji Yusof with Urban Development Minister M Venkaiah Naidu in New Delhi on Thursday.

“Construction Industry Development Board (CIDB), a government agency of Malaysia, has proposed to invest $30 billion in urban development and housing projects in India,” the urban development ministry said in a statement.

Yusof said, “The unfolding India is very exciting and that is the reason for coming here with a huge 30-member delegation of senior representatives of 12 leading government and private companies of Malaysia.”

While making presentations to Naidu, the Malaysian agency proposed to redevelop New Delhi railway station’s adjoining area as a mini-smart city with an investment of about $24 billion along with taking up a green city project worth $4 billion at Garhmukhteshwar in Uttar Pradesh.

Appreciating Malaysia’s interest, Naidu directed the National Buildings Construction Corporation (NBCC) to make detailed presentations to the concerned authorities for further consideration.

The delegation included senior representatives of government agencies such as CIDB, Malaysian Highway Authority(LLM), Pembinan and EXIM Bank.

Meanwhile, a 20-member Chinese delegation also called on Naidu on Thursday and held discussions on investment opportunities in the new urban sector initiatives in India.

The delegation, led by SANY group chairman Liang Wengen, comprised representatives of 9 public and private sector companies of China, including State Power Investment Corporation and Power Construction Corporation of China.

SANY group is China’s number one and world’s fifth largest construction machinery manufacturer with a market cap of $21 billion.

(With inputs from IANS)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

World Wildlife Day: Here Are Some Wildlife Sanctuaries Worth Visiting

With millions of species breathing on earth, the world celebrates Wildlife Day today, March 3, to raise awareness of global flora and fauna. There...

Study: The Use Of Digital Devices Changes How Children Perceive The World

It appears that the use of digital devices changes how children perceive the world as a new study has found that pre-schoolers who frequently...

Study: The School-Based Dental Program May Reduce Cavities

The school-based dental program may reduce cavities, says a new study. The findings published in the Journal of the American Dental Association showed that...

This Is How Apple Takes Care Of Your Hearing

As the Indian market gets flooded with all kinds of wearables and wireless earphones/headphones, monitoring your daily audio exposure is critical as long exposure...

Much More Needs To Be Written On Kashmir: Ashish Kaul

He always thought of his best-selling book 'Refugee Camp' as a celluloid spectacle, a story of Kashmir's living tragedy, but aware of the cinematic...

About 5K Indians Stalking Their Partners Via Mobile Spyware

As some people try to digitally control the lives of their intimate partners, nearly 4,627 mobile users in India have been found to be...

Alcohol And Tobacco Sales Rose During The Early Months Of Covid-19

In a finding that shows that the pandemic may also have harmful indirect consequences, a new study has found that alcohol and tobacco sales...

Google Chrome Browser To Increase Browser Safety

Google's Chrome browser will soon try to use HTTPS as default when users forget to type the HTTP or HTTPS prefix. The move is...

Recent Comments