NEW DELHI -- India with its population of 1.2 billion people offers a great opportunity for Malaysian businesses, Prime Minister Datuk Seri Najib Razak said today.
This is more so with the conclusion of the agreement on services and investment between Asean and India, he said."We can see India as a country whose economic growth rate has been so rapid. They also expect their growth rate can be raised further with the creation of a middle class with high purchasing power.
"So they will definitely look to Malaysia for tourism, education and medical tourism. It is certainly a bigger market for us," Najib told Malaysian journalists at the end of the Asean-India Commemorative Summit 2012 here today.
India's economy is expected to grow by 7.3 per cent next year, higher than the 6.5 per cent forecast for 2012.
Indian companies can also be invited to invest in Malaysia in sectors where they have the capability, such as pharmaceuticals, bio-technology and manufacturing, he said.