Malaysia, India to develop mutual capital market investment

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KUALA LUMPUR, Nov 20 (PTI): Terming India an important market player in the region, Malaysia has expressed keen interest to strengthen financial ties with the country as the momentum of global business and growth shifts to Asia.
A high-profile 40 member delegation left for Mumbai yesterday to attend the first ever India-Malaysia capital market forum, set up to develop capital market investment opportunities and partnerships between India and Malaysia.
The forum, to begin today, has been organised by Security and Exchange Board of India and Malaysia's Securities Commission (SC).
"With realignment of global business and growth shifting momentum to Asia, there is now increased opportunity for both countries to strengthen our partnership in the financial market," Zarinah Anwar, Chairperson of the Securities Commission told newsmen before leaving for India.
Noting that Malaysia saw India as an important market player in the region, Zarinah said the Forum will enable the two sides to explore opportunities and work further on strengthening the linkages between the two markets.
With global financial uncertainty looming large, Zarinah said the Forum would "draw out windows of opportunities that are still available in the midst of this crisis".
Another senior executive Ranjit Singh, CEO of SC said that Malaysia was "looking closely at mutual funds industry, processing companies and portfolio investment.
"India is important to ASEAN" he said, adding Malaysia looks at it as an "important voice" in the international capital market.
"It is a very significant market given its role in broader economic landscape and Malaysia backs India's leadership in global economic field," he said.
The forum, whose objective is to raise awareness of the regulatory structures, market development and investment opportunities in both capital markets, will feature speakers from both sides namely regulators and exchanges, investment banks, fund and asset managers, and other market players.