Tie ups to allow Malaysian firms to tap India’s energy sector

With the Indian power sector projected to attract a total investment of US$300 billion or RM885 billion by 2017, Malaysian power companies are ideally placed to profit from the opportunities.

“Malaysian property and infrastructure companies operating in India are highly respected for their expertise and skills in delivering complex infrastructure turnkey projects says the mentor to the Indian Electrical and Electronics Manufacturers Association Sunil More.

. “Those involved in the energy sector can use the country’s existing business footprint in India as a platform to enter India’s power sector,” he said in an interview recently. Overseas power and related companies have already entered India and there is ample scope for Malaysian power and electrical and electronics companies too.

The Indian power sector is looking forward to new investments in its transmission and distribution sector.

“From what I observe, Malaysian companies have demonstrated their strength the way India has done in the IT sector. Currently, there are few Malaysian ventures in our sector although we have Indian players like Kirloskar in Malaysia,” he said. The Malaysia India Comprehensive Economic Cooperation Agreement, which came into effect on July 1 can accelerate the participation of Malaysian players.

Strategic tie-ups and partnerships with Indian companies can lower the barriers of entry and boost market access for Malaysian companies seeking deals in India.