US EditionIndia, Malaysia Exchange 11 Cooperation Pacts During Modi Visit
The leaders signed 11 agreements to boost trade, semiconductors, defence, and food security, aiming to exceed last year’s $18.6 billion bilateral trade, officials said.
- On Sunday, Indian Prime Minister Narendra Modi met Malaysian Prime Minister Anwar Ibrahim in Putrajaya during Modi's two-day visit, witnessing the exchange of 11 cooperation agreements.
- To deepen ties, the leaders pledged to expand collaboration across trade and investments, food security, defence, healthcare, tourism, and AI and digital technologies under the 2024 comprehensive strategic partnership.
- Malaysia's semiconductor industry ranks sixth globally and accounts for about 25 percent of GDP, while Tata Electronics held June talks with global semiconductor firms and Indian companies interested in collaboration.
- Governments committed to prompt follow-up, and Malaysia will support India's effort to open a consulate in Sabah, Anwar said.
- Trade data show imports from Malaysia amounted to $12.54bn, mainly minerals, vegetable oil, and electrical machinery and equipment, as Anwar said they will promote local‑currency settlement to surpass last year's $18.6bn.
17 Articles
17 Articles
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India, Malaysia exchange 11 cooperation pacts during Modi visit
Indian Prime Minister Narendra Modi and his Malaysian counterpart, Anwar Ibrahim, renewed pledges on Sunday to bolster trade and explore potential collaborations in semiconductors, defence and other fields. Modi is on a two-day visit to the Southeast Asian nation, his first since the two countries elevated ties to a comprehensive strategic partnership in August 2024. Anwar said the partnership included deep collaborations in multiple fields, inc…
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