India-Malaysia bilateral trade seen rising to $15 billion by 2015

Hyderabad: India-Malaysia bilateral trade is expected to touch $15 billion by 2015, said Mr Shah Nizam Ahmed, Consul (Trade), Consulate General of Malaysia. Malaysia wants to develop direct trade with India and other Asian countries. India is Malaysia's largest trading partner among countries of the South, excluding ASEAN nations and China, he told a meeting organised by the Federation of Andhra Pradesh Chambers of Commerce and Industry here on Wednesday. The two countries have concrete trade relations through comprehensive economic cooperation agreement. For India, Malaysia is the second largest trading partner in the ASEAN region after Singapore, Mr Ahmed said. The bilateral trade figure as per 2010 data is around $9 billion, said Mr V.S. Raju, President of the chamber.