New investment vehicle to uplift Indians
Economist Manokaran Mottain(pic), who is the initiative’s coordinator, told Starbiz that the investment vehicle will be a key element in transforming the Malaysian Indian community into a sustainable and investing community.
KUALA LUMPUR: A new investment vehicle is in the making to uplift the economic strength of the Malaysian Indian community and is expected to hit a size of RM3bil over the next decade.
The private-run initiative, led by the Kuala Lumpur and Selangor Indian Chamber of Commerce and Industry (KLSICCI), aims to play a pivotal role in raising the Malaysian Indian community’s equity ownership to 3% by 2030.
Economist Manokaran Mottain, who is the initiative’s coordinator, told Starbiz that the investment vehicle will be a key element in transforming the Malaysian Indian community into a sustainable and investing community.
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