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Incredible India Seminar Organised by CIDB & CIDB Holdings, the seminar’ s focus is on India’ s New Policy Directions and the implications for investment and business.
SUFFICE IT TO SAY, the going is tough, given the lacklustre growth and / or slowdown in the global economy and the cyclical nature of the building construction sector. In view of such circumstances, the resounding call by the Construction Industry Development Board( CIDB) is for Malaysian industry players to go forward, or rather, west, to India, to take advantage of infrastructure projects and investment opportunities that the sub-continent has to offer in its rapid development and economic expansion. Rated by the International Monetary Fund( IMF) as a‘ bright spot’ in the global economic gloom, India’ s accelerated growth of 7.6 % in 2015-16, high GDP growth is the backdrop for its Budget 2016-2017 which, amongst others, allocates 2.21 trillion rupees( RM130.6 billion) in total outlay for infrastructure, i. e. roads, railways, ports and other facilities,
Seminar Aims These, and more, were conveyed to Malaysian stakeholders at the recent“ Incredible India Seminar”, organised by CIDB and CIDB Holdings Sdn Bhd in conjunction with International Construction Week 2016, aimed at( a) disseminating information on potential construction business opportunities in India,( b) providing an overview of the current policy and market outlook of India, and( c) creating a networking platform for exporters and ready-to-export construction industry stakeholders. The seminar’ s focus is on India’ s New Policy Directions and their implications for investment and business.
LEFT: YBhg Dato’ Sri Ir Dr Judin Abdul Karim, Chairman, CIDB Holdings Sdn Bhd( center) flanked by Sr Abdul Latif Hitam, CEO, CIDB Holdings Sdn Bhd( right) and YBhg Dato’ Hj Mokhtar Samad, Director, CIDB Malaysia. RIGHT: Participants at the seminar.
Dato’ Sri Ir Dr Judin( 4th from left); His Excellency T S Tirumurti, High Commissioner of India to Malaysia( 5th from left); YBhg Dato’ Sri Zohari Hj Akob, Secretary General, Ministry of Works, Malaysia( 6th from left); YBhg Dato’ Ir Ahmad‘ Asri Abdul Hamid, CEO, CIDB Malaysia( 7th from left) with speakers and panellists.
Areas of Opportunities Presentations by Malaysian and Indian panellists covered various potential project opportunities in Infrastructure, Smart City and Integrated Utilities areas, including: � roads, highways, expressways, bridges, tunnels, etc. � airports, metros, monorails, etc. � renewable energy( solar, hydro, wind) � power transmission and distribution � water distribution, waste water management and treatment, water desalination, river cleaning, etc.
Financial and Other Concerns In a keynote and opening address to the assembly, YBhg Datuk Seri Zohari Akob, Secretary General of the Ministry of Works elaborated on his appointment as Nodal Officer( Project Investments) Malaysia- India, a role that serves to provide guidance and assistance to Malaysian companies interested in building and investment opportunities in India. Other issues presented at the special-purpose event featured analyses, assessments and insights by independent thought leaders, financial and management consultants on general policy directions and financial aspects of doing business in India.
Footnote Having previously focused on countries such as Myanmar, Indonesia and South Africa, it was the November 2015 visit( at the ASEAN Summit) by Prime Minister of India, His Excellency Narenda Modi, which mooted CIDB’ s spotlight on India this time around. �
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