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India, Malaysia sign 7 pacts

02 April 2017

The visit, at the invitation of India's Prime Minister Narendra Modi, will be Najib's third to India since assuming office as prime minister in 2009. Earlier PM Modi had visited Malaysia in November 2015.

Modi and Razak held a one-on-one meeting ahead of the delegation-level talks.

He said the Malaysia-India relationship was further strengthened by bilateral and multilateral agreements such as the Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA) and the ASEAN-India Free Trade Area (AIFTA). "In this context, I deeply appreciate our continuing cooperation with the Malaysian government in our joint anti-terrorism efforts".

Chennai, Mar 30 Malaysian Prime Minister Najib Tun Razak arrived here today on a six-day visit to the country.

Modi praised Razak for his leadership in countering radicalisation and terrorism and said it "is an inspiration for the entire region".

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"In all the total number of projects under discussion during the visit will amount to $5 billion dollars", Mazumdar said, adding that there were some 15 pacts expected between the business delegations of the two countries.

The President said commercial and investment relations have become the mainstay of India-Malaysia relations.

Najib said with seven per cent of Malaysia's population being of Indian origin - the highest percentage of Indian diaspora outside India -and with the vast majority being Tamilians, the market is open for business and ideas from local investors.

Rizal's statement came in response to news reports quoting Indian news portal, The Telegraph, which claimed to have sighted Najib's "minute-to-minute programme" in India.

Razak is accompanied by his spouse Datin Sri Rosmah Mansour and a large business delegation consisting of numerous top companies and businessmen of Malaysia. The two countries welcome the "field exercise" between the two countries. Malaysia would like to achieve target of United States $15 billion bilateral trade by 2020.

India, Malaysia sign 7 pacts