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Indian, Malaysian firms ink agreements in various sectors

For the first time, an Indian company will help Malaysia to launch its modules and satellites using Indian launch vehicles such as PSLV and GSLV.

A memorandum of understanding to this effect was signed by Antrix Corporation, a company under the administrative control of Indian Space Department, and Astronautic Technology Sdn Bhd, a company under Malaysia's finance ministry.

The MoU was one of the fifteen that were inked in several areas including health care, information technology, construction and space technology by Indian and Malaysian companies at the institutional and corporate levels.

With regard to cooperation in space technology, the Indian company would provide training to ATSB engineers in satellite technology and applications at the facilities of Antrix Corporation and the Indian Department of Space.

The joint venture between Antrix and Malaysia's Binariang Satellite Systems will help create a joint platform which would provide C-band and Ku-band capacity.

The tie-up covers sales and marketing of the transponder capacity on the joint venture platform, creation of products and services for DTE, Data broadcast and multi-media infrastructure and consolidation and optimisation of the orbital slots.

Under a separate MoU, public sector Hindustan Machine Tools will provide technical know-how to Orion Jaya Industries of Malaysia, based in Penang, to set up a watch assembly project to produce 250,000 watches per year.

The number of watches, both mechanical and quartz, is likely to reach 5 million units over the next five years.

Another MoU was signed between Globsyn Technologies Limited of India and Malaysian Agensi Pekerjaan for establishing a high-tech innovative and unique software application and finishing campus in Malaysia, with technical assistance from Globsyn.

Called the 'Sutra Project', it seeks to provide a new and effective approach to software finishing training. This new campus will address the critical and growing shortage of skilled IT personnel in Malaysia as well as the ASEAN region.

Mascon Global Limited of India and Gemrusa Capital of Malaysia concluded an MoU to enable both companies to pool together their resources and promote activities in South East Asia in the IT sector and to provide software solutions.

Essentially, this would agreement would make Malaysia the hub to service East Asia's ICT market.

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