KUALA LUMPUR – On 8 February 2024, Indian Prime Minister Narendra Modi and Malaysian Prime Minister Anwar Ibrahim met in Putrajaya, marking a significant moment in the recent history of the partnership between the two countries.
Expanding Trade and Collaboration
The meeting is part of Modi’s two-day visit, his first since the elevation of India-Malaysia relations to a comprehensive strategic partnership in August 2024. Both leaders are keen to bolster trade, with a particular emphasis on sectors such as semiconductors and defence.
- Trade Relations: Last year, total trade between India and Malaysia reached $18.6 billion (approximately S$23.6 billion).
- Key Exports: Malaysia primarily exports palm oil and electronic goods to India.
- Imports from India: Composed of agricultural, petroleum, and chemical products.
Cooperation Agreements
During the visit, Modi and Anwar witnessed the exchange of 11 cooperation agreements. These encompass key areas:
- Semiconductors
- National security
- Labour and healthcare initiatives
- Disaster management and peacekeeping
Seeking New Heights
Anwar expressed hope that bilateral trade will surpass last year’s figures. Both leaders are also in discussions about enhancing defence collaborations, including the potential sale of Dornier aircraft and upgrades to Malaysia’s Scorpene-class submarines and Sukhoi Su-30 fighter jets.
As part of their commitment to deepen ties, Malaysia will assist India in establishing a consulate in the Sabah state on Borneo island—an initiative that reflects the growing diplomatic relations.
A Bright Future Ahead
With shared objectives for robust trade and security partnerships, the commitment of both governments signals a promising trajectory for the India-Malaysia alliance. As Anwar stated, “It’s really comprehensive,” emphasising the mutual desire to execute plans swiftly.