Bilateral trade between Malaysia, India to grow

CHENNAI: Despite bilateral trade between Malaysia and India hit by recession, it is likely to witness a growth by early next year, Malaysian International Trade and Industry Minister Mustapa Mohamed said here today.

"Currently the bilateral trade between the two countries is USD 10.5 billion. Around 20 per cent of trade was affected due to recession.We are hoping to see the trade grow by early next year,' Mohamed told PTI on the sidelines of a function.

Earlier, participating as the chief guest at the 10th Anniversary celebration of Marrybrown Family Restaurant here, he said the success of Marrybrown would motivate other companies in Malaysia to venture into the Indian market.

There were around 15 Malaysian companies present in the country while 20 Indian companies were present in Malaysia.

Marrybrown Founder and Malaysian operations Managing Director Nancy Liew said the restaurant was present in 13 countries having more than 300 outlets.As part of increasing their presence, new restaurants were recently opened in Dubai, Qatar, Saudi Arabia, Kuwait, Syria, Tanzania and Iran.

Marrybrown India Managing Director MGM Anand said 12 more outlets would be added to the existing 30 restaurants in South India.