Malaysia on Wednesday said it wants to complete talks this year for a separate trade-opening pact with India, in addition to liberalising commerce through the Indo-ASEAN Free Trade Agreement, operationalised this month.
The meeting was sought by the Malaysian Prime Minister, who wanted to have discussions with the young Congress leader about various aspects of his party, sources said.
Sources said that the Malaysian prime minister invited Ambani to invest in sectors like power, media and financial businesses.
Seeking to give new impetus to the bilateral relations, India and Malaysia today formally announced firming up of Comprehensive Economic Cooperation Agreement (CECA) to boost trade and decided on a range of other engagements in various sectors, including defence.
The two leaders are likely to finalise the Comprehensive Economic Cooperation Agreement, which will be formally signed in January next year after the due process of 'legal scrubbing' is over, sources said. The CECA, once signed, might come into force from July 2011.
Expressing solidarity with Malaysia, Prime Minister Narendra Modi on Saturday wrote to his Malaysian counterpart saying the global outrage over the shooting down of aircraft MH17 was "justifiable" and India supports efforts to establish the exact circumstances of the incident.
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