India and Malaysia are set to achieve the bilateral trade target of 15 billion US dollar much earlier than 2015. Addressing the members of India-Malaysia CEO Forum in New Delhi today, the Commerce and Industry Minister Mr Anand Sharma said that New Delhi's bilateral trade with Kuala Lumpur stood at nearly 13 billion US Dollars last year registering a growth of 34 per cent over the previous year. The Minister expressed the hope that both the countries will be able to achieve this target definitely by 2013.

Recalling his visits to Malaysia in July 2010 and February 2011, Mr Sharma said that he had sought investment from Khazanah Nasional Berhad, a Government of Malaysia's strategic investment fund into Indian infrastructure sector through a collaborative venture with IDFC. The Minister said that a Special Purpose Vehicle has been created between Khazanah and a subsidiary of IDFC with an equity base of 830 crore rupees for financing the national highway construction projects. Malaysian investment in India stands at 7.8 billion US dollars while Indian investments in Malaysia are in the range of 3 billion US dollars.