Malaysia has promised India that IT and other professionals will enjoy ‘smooth and hassle-free movement’ to and from India (and other parts of the world) during talks this week. The two countries also expressed a desire to work together on joint ventures with investors in infrastructure and energy, with a focus on renewables. Assurances of good working conditions and fewer bureaucratic hoops will go some way to convincing India’s vast pool of infrastructure and IT professionals to move. If successful, Malaysian/Indian ventures will also have their eyes on projects in other countries.
Malaysia’s goal of US$15 billion in annual trade with India would be a record, and indicates its eagerness to rapidly improve conditions. Trade with India hit $10.5 billion in 2008 but dropped by almost 30% after the economic downturn in 2009, before showing a recovery again this year.
source & article: The Hindu