Under India’s 11th five-year plan ending 2012, the country has targeted US$500 billion in infrastructure investment while under the 12th five year plan, it is hoping to increase investment to US$1 trillion.
“Malaysia has well-known strengths in building infrastructure and we welcome greater Malaysian participation in this sector,” said Manmohan.
He added that “there are big plans afoot” to set up special investment funds that can be used to finance long-gestation infrastructure projects.
“We hope to attract Indian and international funding into these projects,” he added.
Apart from infrastructure, the head of the Indian government said that higher education and information technology sectors were promising areas for India-Malaysia co-operation.
“Going beyond regional openness, we will work with Malaysia and other nations to strengthen the global multilateral trading system,” he said.
“I see many possibilities of synergy between India and Malaysia in the year ahead. I am confident that we can accelerate the pace of our bilateral economic engagement to our mutual benefit.”
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