Indian companies have invested more than US$3 billion (RM12.18 billion) in Malaysia, creating over 30,000 direct jobs and strengthening economic ties between the two countries, according to the Consortium of Indian Industries in Malaysia (CIIM).
CIIM chairman Datuk Umang Sharma said the investments have made a significant contribution to Malaysia’s economic growth and highlighted the increasing presence of Indian businesses in the country.
He also credited outgoing Indian High Commissioner to Malaysia BN Reddy for supporting the Indian business community and helping deepen bilateral trade and investment relations during his tenure.
Speaking at a farewell dinner hosted by CIIM in honour of Reddy and his wife Lalita Devi, Sharma described the envoy as a trusted adviser and strong advocate for closer Malaysia-India economic cooperation.
Reddy, who previously served as deputy high commissioner from 2008 to 2011, played a role in advancing the Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA) and helped elevate bilateral ties to a Comprehensive Strategic Partnership.
The event was attended by more than 150 guests, including government officials, diplomats, business leaders, media representatives and CIIM members.
