Major Indian and Malaysian companies in the oil and gas, infrastructure and engineering sectors on Monday signed investment proposals worth $36 billion.
Companies such as Adani Ports, Andhra Pradesh Gas Distribution Corporation and Natco Pharma signed 31 memoranda of understanding (MoUs) with Malaysian companies and industry bodies to facilitate investments in both countries. The developments were part of the visit by Malaysian Prime Minister Najib Razak to India.
As of December 2016, Malaysia was the 25th largest source of investment into the country, with $829 million worth of foreign direct investment (FDI). India is the ninth largest investor in Malaysia, as of