India agrees to quota for Malay Indians keen on investing in country

Posted By: Staff
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Kuala Lumpur, July 11 (ANI): Accepting a request by the Malaysian Indian Business Association (MIBA), the Indian government has decided to set aside a quota for Malay Indians, who want to invest in India.

The Star Online quoted Indian High Commissioner to Malaysia Ashok Kantha, as saying that MIBA had become the bridge between India and the Malay Indian community.

Kantha was interacting with reporters after attending a dinner organised by the MIBA President P. Sivakumar.

Speaking on the occasion, Sivakumar said the quota was necessary, as Malaysian investors had failed to secure highly lucrative contracts in the construction and other important sectors in India.

Therefore, he said, Malay Indian investors should obtain Indian government's Persons of Indian Origin (PIO) identification cards to secure contracts.

Sivakumar added that the Indian government had also agreed to increase the number of scholarship to Malaysian youngsters. (ANI)

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