Mon, Feb 9,
Insights
The Prime Ministers of India and Malaysia recently agreed to enhance trade facilitation and explore expanded potential in diverse areas, including semiconductors, digital economy and industrial collaboration.
They encouraged greater cooperation and investments across infrastructure, energy, advanced manufacturing, digital economy, fintech, start-ups, artificial intelligence and green technologies.
Indian PM Narendra Modi meeting with Malaysian PM Anwar Ibrahim at Kuala Lumpur, in Malaysia on February 08, 2026. Pic: PIB
Malaysian Prime Minister Anwar Ibrahim and his Indian counterpart Narendra Modi recently agreed to enhance trade facilitation and explore expanded potential in diverse areas, including semiconductors, digital economy and industrial collaboration, during the latter’s official visit to Kuala Lumpur.
Both leaders underscored that their economic partnership is one of mutual value and strategic synergy.
They emphasised the importance of the Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA) and the ASEAN-India Trade in Goods Agreement (AITIGA), and welcomed the ongoing review of AITIGA to make it mutually beneficial, trade facilitative and relevant to current global trading practices.
They encouraged greater cooperation and investments across priority sectors, including infrastructure, energy, advanced manufacturing, digital economy, fintech, start-ups, artificial intelligence and green technologies, a joint statement issued after the two-day visit said.
Ibrahim welcomed the significant presence of Indian manufacturing and technology firms that have contributed to high-skilled job creation in Malaysia.
The leaders encouraged industries on both sides to further facilitate the invoicing and settlement of trade in local currencies.
The Malaysia-India Digital Council will serve as a strategic mechanism to strengthen bilateral digital engagement and support the digital transformation agendas of both countries.