India, Asia's third largest economy, and Malaysia are all set to explore cross-border opportunities to expand their capital markets. Speaking at the first India-Malaysia Capital Market Forum jointly organized by the MSC and Securities & Exchange Board of India, Malaysia Securities Commission chairman Datuk Zarinah Anwar stated, "There are so many opportunities available for both Malaysia and India in the capital market. We have long-standing successful ties in the commercial and investment side. However, there are abundant opportunities in the capital market that have not been gainfully exploited."

Further mentioning that during the current world economic scenario, there is a need to fill the vacuum in the global consumption and investment. One of the most important segments in Malaysia is the bond market, which has established itself not only as a major source of financing for the country's corporate sector, but has also emerged as the region's largest local currency bond market with a RM515 billion (US$147 billion) fund size. 

Mr. Anwar added, "India and Malaysia have the balance sheet capability to finance domestic growth to offset the slow down in global economic activities. If we are able to effectively collaborate through long-term investments and through supplying liquidity for each other's market assets, we should be able to create conducive growth conditions in each other's markets." 

One such step is the approval granted by the Malaysian Government to India’s largest fund house, Reliance Capital Asset Management Company, to start operations in Malaysia