Petronas to invest $150 million in Indian lubricants sector
The Dollar Business Bureau Malaysia's Petronas or Petroliam Nasional Berhad, is likely to invest $150 million in India's lubricants market for the next five years to strengthen its position in the Indian market, a company release said on Thursday. The Malaysian firm's investment includes a $50 million lubricant blending plant that is likely to start functioning in the first quarter of 2018, Petronas said in the statement. "We are aiming to triple our market share in India's lubricant market by 2022," CEO Wan Zulkiflee Wan Ariffin said. The Malaysian firm is keen to add more collaborations in India with current and existing partners, Wan Ariffin said, adding that Petronas was looking to sell more liquefied natural gas (LNG) in India. Petronas, the world's third biggest ...
India, Malaysia vow to exploit full potential of India-ASEAN Agreements
The Dollar Business Bureau Prime Minister Narendra Modi and the Prime Minister of Malaysia, Najib Razak witnessing the signing India Malaysia bilateral agreements, in Putrajaya, Malaysia on Monday Ahead of his meeting with Malaysian CEOs, Prime Minister Narendra Modi on Monday said the two countries need to capitalise on India-ASEAN Agreements to enhance their bilateral trade and investments. Bilateral trade between India and Malaysia in 2014 stood at $13.84 billion ($4.07 billion for Indian exports and $9.77 billion for Malaysian exports). “We intend to exploit the full potential of our bilateral agreements and the India-ASEAN Agreements. Our trade and investment relations can be scaled up significantly,” Modi said at a joint press conference with his Malaysian counterpart Najib Razak on ...
