INDIA AND MALAYSIA TARGET $25 BN TRADE IN NEXT 3 YEARS: INDIAN ENVOY

The Indian High Commissioner conveyed positive expectations regarding the expanding relationship, underscoring the political understanding shared between the two governments

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In a significant development, the Indian High Commissioner to Malaysia, BN Reddy, has unveiled ambitious plans aimed at elevating the bilateral trade between India and Malaysia to USD 25 billion within the next three years. The current trade relationship, standing at USD 20 billion, is already robust, and the proposed growth underscores the mutual commitment to fostering economic sustainability. Reddy, in an interaction with ANI, emphasized the pivotal role of economic ties in sustaining and fortifying the overall diplomatic relationship between the two nations.

The envoy highlighted India's substantial imports from Malaysia, encompassing commodities such as palm oil, crude oil, and LNG. Reddy remarked, "The bilateral trade between India and Malaysia, currently at 20 billion dollars, will increase to 25 billion dollars in the next three years. But we do import quite a lot of commodities from Malaysia, including palm oil, crude oil, and LNG." This focus on trade diversification reflects the resilience and adaptability of the economic partnership.