Malaysia, India Private Sectors Urged To Form Partnership Strategic Alliances

MUMBAI, June 26 (Bernama) -- The Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas has urged the private sectors in Malaysia and India to redefine the business approaches to form partnership strategic alliances to discover new avenues to expand the edible oil and palm oil business.

He said there were plenty of investment opportunities in downstream, higher value-added palm derivatives, such as oleochemicals, pharmaceuticals, processed foods, specialty products and consumer brands.

"Palm oil has been an important component of the Malaysia-India trade relations and has long featured in the bilateral trade. Trade in palm oil between both countries has gone through various phases and stages.»