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Malaysia, India to boost capital market activities

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 PostWysłany: Sob 5:01, 20 Lis 2010    Temat postu: Malaysia, India to boost capital market activities Back to top

The Securities Commission of Malaysia and the Stock Exchange Board of India have signed an agreement paving the way for improved opportunities in cross border capital market activities.
Malaysian Prime Minister Najib Razak made the remark here on Thursday at the Indus Entrepreneurs (TiE) Asia Pacific Conference 2010.
Bursa Malaysia, or the Malaysian bourse, was also working with TiE to encourage Indian and Non-Resident Indian businesses to take advantage of the opportunities Malaysian capital markets have to offer Tiffany, added Najib.
"The Malaysian government realizes that for entrepreneurs to be successful Wedding dresses, adequate access to finance and capital is essential. We have indeed embarked on measures to provide unique opportunities for businesses to access financial and capital markets," said Najib.
TiE was founded in 1992 in Silicon Valley by a group of entrepreneurs, corporate executives, and senior professionals with roots in the Indus region.
There are currently 13,000 members, including over 2,500 charter members in 56 chapters across 13 countries, with the mission of fostering entrepreneurship globally through mentoring, networking and education.
Themed "ASEAN and India: Going Global", the conference organized by TiE saw the participation of top global entrepreneurs who are able to experience Malaysia's vibrancy.
According to Najib, many landmark agreements have been executed between the governments of Malaysia and India over the course of 2010 alone Sports Jerseys, including agreements to complete the Comprehensive Economic Cooperation Agreement (CECA).
Multiple memoranda of understanding in the fields of tourism, information technology and services, traditional systems of medicine, as well as research and development collaboration have also been signed.
Najib said the Malaysian government was confident that the country-to-country relationship between Malaysia and India would manifest itself more intensely and meaningfully as the many initiatives agreed to take form and generate results.
"One of such results is the projected doubling in trade between India and Malaysia by 2015 as a result of these government-to- government agreements coupled with other initiatives between our respective private sectors," said Najib.
The Malaysia-India CECA was a free trade agreement that covered trade in goods and services, investment, as well as economic cooperation.
The negotiations that began in February 2008 had been put on pause after two rounds as both sides wanted to focus on completing the ASEAN-India Trade in Goods Agreement.
During Indian Prime Minister Manmohan Singh's visit to Malaysia late October, Najib expressed his confidence that the CECA would increase the bilateral trade between Malaysia and India to 15 billion U.S. dollars by 2015.

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