The leaders of India and Malaysia say they will seek to expand economic ties and strengthen cooperation on defense and security. This came during Malaysian Prime Minster Anwar Ibrahim’s visit to India, his first since he took office in 2022, where he met with his Indian counterpart Narendra Modi.
India n Prime Minister Narendra Modi , left, welcomes his Malaysia n counterpart Anwar Ibrahim upon his arrival at the India n presidential palace during his ceremonial reception in New Delhi, India , Tuesday, Aug. 20, 2024. India n Prime Minister Narendra Modi , left, welcomes his Malaysia n counterpart Anwar Ibrahim upon his arrival at the India n presidential palace during his ceremonial reception in New Delhi, India , Tuesday, Aug. 20, 2024.
Both heads of state addressed reporters after signing a slew of new agreements, including digital technologies, tourism and traditional medicine. Anwar said the two countries have enjoyed good relations for years, adding that“we realized this must be strengthened in a multitude of areas,” including construction, agriculture and military collaborations to safeguard both nations’ borders.
Modi said the two had discussed cooperation in the defense sector, and that trade and investment between the two countries should grow while they collaborate on new industries like the production of semiconductors. He also stressed how the partnership between the two countries had grown, taking on “new momentum and energy” over the years.
Bilateral trade between the two countries is strong at $20 billion. Malaysia is India’s 16th largest trading partner, while India is among the top ten largest trading partners for Malaysia. There are around 70 Malaysian companies operating in India and more than 150 Indian ones in Malaysia, where Indians comprise about 7% of the country’s population.
Malaysia General News F Territorial Disputes World News Narendra Modi Politics I Business
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