KualaLumpur (VNA) – Malaysia and India signed 31 memoranda of understandingon trade with a combined value of 36 billion USD in New Delhi on April 3.
Malaysia’sMMC Port Holdings Sdn Bhd and India’s Adani Ports & Special Economic ZoneLimited of India contributed 9.39 billion USD to the sum with their CareyIsland Port Project. Carey Island is located in Selangor, Malaysia.
Meanwhile,a joint venture between MMC Port Holdings and Sime Darby Property Bhd ofMalaysia with Adani is set to develop an integrated maritime city related tothe port project.
The constructionof the city is worth 22.78 billion USD for a 30-year period.
Theremaining pacts revolved around the building of highways and ports and solarpower plants, smart city and tech park development, the production of coconutand palm oil, as well as higher education.
MalaysianPrime Minister Najib Razak, who is on his six day official visit to India fromMarch 30, witnessed the signing.-VNA
VNA