Malaysia expects greater trade growth with India following PM Anwar’s visit to India

NEW DELHI, Aug 22 – The Ministry of Investment, Trade and Industry (MITI) expects greater trade growth with India following the three-day official visit of Prime Minister Datuk Seri Anwar Ibrahim to India, which concluded on Wednesday.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said numerous proposals were discussed during the visit and Anwar has given the ministry three months to present concrete plans for collaboration with India in the trade and investment sectors.

He noted that from his ministry’s perspective, the visit was successful, with bilateral meetings held between Anwar and his Indian counterpart Narendra Modi.

“This cooperation spans various sectors, including investment, trade, manufacturing, semiconductors, the digital economy and food security,” Tengku Zafrul, who accompanied Anwar to India, told the Malaysian media.

Total trade between Malaysia and India amounted to RM72.31 billion in 2023.

Tengku Zafrul said three Indian companies have committed to investing RM4.5 billion in Malaysia.