India, Malaysia renew pledges to boost trade, collaboration
Summary
India and Malaysia renew commitments to enhance trade and collaboration in sectors like semiconductors, defence, and more during PM Narendra Modi's visit to Malaysia.
Key Points
- India's Prime Minister Narendra Modi and Malaysian Prime Minister Anwar Ibrahim pledged to strengthen trade ties and explore collaborations in semiconductors, defence, and other areas.
- India and Malaysia elevated their relationship to a comprehensive strategic partnership in August 2024.
- The two leaders witnessed the exchange of 11 cooperation agreements, including those on semiconductors, disaster management, and peacekeeping.
- Malaysia will support India's efforts to open a consulate in Sabah state on Borneo island and promote local-currency settlements for cross-border trade.
