India and Malaysia sign 11 pacts to boost trade, defence and semiconductors

India and Malaysia on Sunday vowed to expand their ties in the high-priority sectors of trade and investment, defence, energy, advanced manufacturin,  and semiconductors with Prime Minister Narendra Modi asserting that both sides are committed to peace and stability in the Indo-Pacific.

The two sides inked a total of 11 agreements and documents to expand cooperation in a range of key areas, including a framework pact for deeper engagement in the semiconductor sector.

“We will pave the way for economic transformation through strategic trust,” Modi said, describing the India-Malaysia relationship as “special”. “We are maritime neighbours. For centuries, our peoples have had deep and cordial ties,” he said in his media statement. 

Modi also announced India’s decision to establish an Indian Consulate General in Malaysia.  In his remarks, Ibrahim noted India’s economic growth and said his country would benefit immensely if it could secure more ways and opportunities to collaborate with New Delhi.

“It [India’s economic growth] is one spectacular rise in the international eco and trade scene,” he said, describing use local currencies for bilateral trade as “remarkable”.

Modi leaves after two-day visit

PM Modi on Sunday left for home after concluding a two-day visit to Malaysia. “A memorable visit concludes! After a successful visit to Malaysia, marked by special warmth and hospitality and anchored in our close cultural bonds, PM @narendramodi has departed for India. The visit produced significant outcomes that will add substantial strength to India-Malaysia ties,” MEA said.

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