HomeAsiaIndia, Malaysia renew pledges to boost trade, collaboration

India, Malaysia renew pledges to boost trade, collaboration

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KUALA LUMPUR, Feb ​8 (Reuters) - India's 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, including trade and investments, food security, defence, healthcare and tourism.  

"It's really comprehensive, and we believe that we can advance this and execute in a ‌speedy manner with the commitment of our both governments," ‌he told a press conference after hosting Modi at his ​official residence in the administrative capital Putrajaya. 

Following their meeting, Anwar and Modi also witnessed the exchange ‌of 11 cooperation agreements, including on semiconductors, disaster management ⁠and peacekeeping.

Anwar said India and Malaysia would ‌continue efforts to promote ​the use of local-currency settlement for cross-border activities and expressed hope that bilateral trade would surpass last ⁠year's $18.6 billion.

Malaysia will ⁠also support India's efforts to open a consulate in ​Malaysia's Sabah state on Borneo island, Anwar said.

(Reporting by Rozanna Latiff; ‌Editing by Raju Gopalakrishnan)

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