KUALA LUMPUR: The 5th Asean-India Business Summit, which serves as an important platform to chart the future roadmap for both parties' business and economic engagement, will be held at Berjaya Times Square Hotel here on Mar 6.
The summit, themed "Strengthening and Moving Forward Asean-India Economic Relations for a Strategic Business Partnership", is being held as part of the Asean-India Year of Friendship to commemorate more than three-decade long engagement between India and the 10-member bloc.
Indian High Commissioner to Malaysia, B.N.Reddy, said in view of the 65 years of India-Malaysia bilateral ties, there would be a focused session on India-Malaysia bilateral trade and investment engagement at the summit.
"This session will focus on boosting India-Malaysia trade ties and expanding business engagement in digital technology partnerships and fintech, among others.
"It will explore the opportunities and avenues for boosting our bilateral trade and investment engagement to the mutual benefit of India and Asean" he said here today.
Reddy said the 19th Asean-India Summit held in November last year decided to elevate the Asean-India relations to a comprehensive strategic partnership with a renewed focus to expand cooperation in trade, investments, digital economy, start-ups and sustainable development.
Asean-India Business Council co-chair Datuk Ramesh Kodammal said the summit offered Asean and Indian companies an opportunity to collaborate through joint initiatives or ventures to boost their participation and role in the growing regional and global value chain activities.
Communications and Digital Minister Fahmi Fadzil will deliver his keynote address at the summit, which will end with a gala dinner and business excellence awards ceremony involving 12 Asean and India-based companies.
The summit is being supported by the government of India, through the Economic Diplomacy Division of the External Affairs Ministry of India, with Malaysia's International Trade and Industry Ministry and Federation of Chambers and Commerce of India as partner organisations. – BERNAMA