ID :
103031
Thu, 01/28/2010 - 07:26
Auther :
Shortlink :
https://oananews.org//node/103031
The shortlink copeid
INDIAN FIRM INTERESTED TO BUILD US$5 BLN OIL REFINERY IN PERAK
IPOH (Malaysia), Jan 27 (Bernama) -- A big Indian company has expressed
interest to build an oil refinery in Perak involving a US$5 billion investment,
Chief Minister Dr Zambry Abdul Kadir said Wednesday.
Perak is a northern state of Malaysia, located on the west coast of the
Peninsular Malaysia.
Without disclosing the company's name, he said, the state government had
signed an agreement of understanding to realise the project with the company
during Prime Minister Najib Tun Razak's visit to India recently.
"Though some people have said I followed the prime minister to discuss the
dissolution of the Perak State Legislative Assembly, I would like to announce
that the agreement was among several agreements that we had signed in India," he
told reporters after chairing the State Executive Council meeting here.
Besides that, he said, The Red Snapper (M) Sdn Bhd had signed a memorandum
of agreement with Rocking Pixels Inc to set up a studio in Perak to produce 3D
animation for television, movies and gaming.
"I have also given an offer letter to biotech company Biofarm that is ready
to build its research and development centre in Perak.
"Besides that, during the visit, Perak Bio Corporation Sdn Bhd had signed a
joint understanding with Dr. Reddy's Laboratories Ltd, India's second biggest
pharmaceutical company," Zambry said.
The Chief Minister said Perak Bio Corporation had also signed an agreement
with Saamya Biotech India to produce pharmaceutical products using
fermentation-based biotech processes at Taman Farmasi, Seri Iskandar near here,
next year.
He said the state government was looking for the best formula and approach
to ensure the investment applications are processed quickly so that the
investors would not lose interest if their applications took too long.
"Among the approaches we have decided is that we will set a timeframe for
all members of the government or relevant departments to inform the Perak State
Investment Committee of the status of a processed application," he said.
-- BERNAMA
interest to build an oil refinery in Perak involving a US$5 billion investment,
Chief Minister Dr Zambry Abdul Kadir said Wednesday.
Perak is a northern state of Malaysia, located on the west coast of the
Peninsular Malaysia.
Without disclosing the company's name, he said, the state government had
signed an agreement of understanding to realise the project with the company
during Prime Minister Najib Tun Razak's visit to India recently.
"Though some people have said I followed the prime minister to discuss the
dissolution of the Perak State Legislative Assembly, I would like to announce
that the agreement was among several agreements that we had signed in India," he
told reporters after chairing the State Executive Council meeting here.
Besides that, he said, The Red Snapper (M) Sdn Bhd had signed a memorandum
of agreement with Rocking Pixels Inc to set up a studio in Perak to produce 3D
animation for television, movies and gaming.
"I have also given an offer letter to biotech company Biofarm that is ready
to build its research and development centre in Perak.
"Besides that, during the visit, Perak Bio Corporation Sdn Bhd had signed a
joint understanding with Dr. Reddy's Laboratories Ltd, India's second biggest
pharmaceutical company," Zambry said.
The Chief Minister said Perak Bio Corporation had also signed an agreement
with Saamya Biotech India to produce pharmaceutical products using
fermentation-based biotech processes at Taman Farmasi, Seri Iskandar near here,
next year.
He said the state government was looking for the best formula and approach
to ensure the investment applications are processed quickly so that the
investors would not lose interest if their applications took too long.
"Among the approaches we have decided is that we will set a timeframe for
all members of the government or relevant departments to inform the Perak State
Investment Committee of the status of a processed application," he said.
-- BERNAMA
