PM 2LST

Singh said he and Najib had agreed on the framework
for a strategic partnership and the Joint Statement issued
after the meeting outlines the roadmap for enhanced contacts
between the two countries at the political, business and
people-to-people levels.
"India welcomes greater investment from Malaysia in
infrastructure and manufacturing sector and Indian companies
would also want to do business in Malaysia," Singh said.
Najib said Malaysia would be happy to share India's
economic success and join its journey for economic development
of the country.
"We must give new impetus to this relationship. I
indicated to Prime Minister Singh that Malaysia is ready for
deeper and more intensive relationship," he said
Najib said the two countries have set a trade target
of USD 15 billion by 2015 and expressed confidence CECA will
help achieve it.
Noting that expansion of mutual investment would
contribute to reciprocal economic growth of both countries,
the two leaders agreed to enhance cooperation and support at
government level to further strengthen existing bilateral
collaboration in infrastructure development, the joint
statement said.
The involvement in infrastructure projects,
particularly in the construction industry, is expected to
provide bigger opportunities in investment through joint
business and governmental collaboration, it said. PTI