With an aim to boost up mutual relation and to give a new momentum to business, India and Malaysia officially declared signing up of Comprehensive Economic Cooperation Agreement (CECA). It is completing a $ 15 billion trade by 2015 which is sure to give new impetus to the joint relations, including various sectors of business and defense.

It was a result of long discussion between Manmohan Singh (Prime minister India) and his counterpart Mohd Najib Tun Abdul Razak from Malaysia.  The two leaders signed five agreements in different areas following extensive talks and resolution to impart deliberate dimension to their relations. Malaysia would be content to share India’s monetary achievement and unite its journey for profitable development of the nation.

The mutual deal emphasis on following factor…….

•    Freer movement of goods, services and investments, would come into effect from 1st July 2011.

•    All-around business between the two countries

•    The talk laid the basis to launch the CEO’s Forum which is probable to help closer and deeper financial engagement amid business and commerce of the two countries.

Manmohan Singh said in a press conference after the meeting.”Today marks a turning point in India, Malaysia relations,” “India welcomes greater investment from Malaysia in infrastructure and manufacturing sector and Indian companies would also wants to do business in Malaysia,”

The Malaysian prime minister said that “We must give new impetus to this relationship. I indicated to Prime Minister Singh that Malaysia is ready for deeper and more intensive relationship,”

The two countries have set a business target of $15 billion by 2015 and are very sure that, CECA will help attain it. The participation in infrastructure projects, chiefly in the manufacturing industry, is probable to supply bigger opportunities in venture through dual business and governmental partnership.