Kok leads investment mission to India

Primary Industries Minister Teresa Kok is leading a team of palm oil and rubber experts to Mumbai and New Delhi.

KUALA LUMPUR: Primary Industries Minister Teresa Kok is leading an economic and investment mission to India to strengthen trade relations between New Delhi and Putrajaya.

The five-day mission, which began yesterday, will explore market and investment opportunities, particularly in palm oil and rubber.

“India and Malaysia share a long-rooted historical and cultural commonality, as well as a good relationship, which has over time developed and helped craft the landscape for economic and commercial relations between our countries,” the ministry said in a statement today.

The delegation comprises representatives from the ministry, the Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Palm Oil Council and Malaysian Rubber Export Promotion Council.

The ministry said Malaysia had always looked upon India as a strategic and important trade partner.

In 2018, India was the third-largest importer of palm oil and palm oil-based products valued at RM6.84 billion or 10.1% of the total national palm oil and palm oil-based products exports.

India also imported 1.5% of the total national export of rubber and rubber products amounting to RM476.56 million.

Kok will attend the Malaysia-India Palm Oil Trade Fair & Seminar (POTS) 2019 in Mumbai.

She is also scheduled to attend the Educational Seminar: Managing Infection Control-Selecting The Right Gloves, organised by the Malaysian Rubber Export Promotion Council in New Delhi.

Other programmes include bilateral discussions with Union Minister for Commerce and Industry Piyush Goyal, Union Minister of Food Processing Industries Harsimrat Kaur Badal and Minister of Health & Family Welfare Harsh Vardhan.