Chief Guest Datuk Seri G Palanival at 12 Parvasi Bharatiya Divas

Datuk Seri G Palanival at 12 Parvasi Bharatiya Divas thanked the Indian government on yearly organizing PBD that brings together people of Indian origin from all over the world.He said," Malaysian population of Indian origin is close to 2 million and Malaysia is one of the largest trade partners for India,the two way trade in the year 2013 is expected to touch 14.4 billion US dollar.Malaysia is gradually emerging major potential investors in India and stands 19 th largest investors in India.There are about 70 Indian joint ventures companies operatingin Malaysia. More than 60 Indian cos have opened their offices in the multimedia super corridor at Cyberjaya,Kuala lumpur and Penang." On the subject of bilateral trade he said," Trade between two countries is progressing at healthy rate,I see much more areas that can be exploited for instance 5 super economic corridors in Malaysia-namely Northern Corridor Economic Region,Iskander Economic Corridor,East Coast Economic Region,Sabah Development Corridor and Sarawak Corridor of Renewable Energy." Datuk Palanival reminded that PM Dr Singh on his last visit signed six MoUs to elevate bilateral relation to the new levels of a long term and strategic partnership.