MITI Achieves Major Breakthrough with RM8 Billion In Potential Exports and RM4.5 Billion In Potential Investments During PM’s Landmark Visit To India

Malaysia’s economic presence in India took a significant leap forward as the Ministry of Investment, Trade and Industry (MITI) secured RM8 billion in potential exports and RM4.5 billion in potential investments during Prime Minister YAB Dato’ Seri Anwar Ibrahim’s inaugural visit to India. This landmark visit, held from 19 to 21 August 2025 not only marked the Prime Minister’s first official engagement in India since taking office but also underscored Malaysia’s strategic intent to deepen ties with one of its most important economic partners.

The Prime Minister was joined by key Government leaders, including YB Senator Tengku Datuk Seri Utama Zafrul Aziz, MITI Minister, as well as the Minister of Tourism, Arts and Culture, Dato’ Sri Tiong King Sing, Minister of Digital, YB Gobind Singh Deo, and Minister of Human Resources, YB Steven Sim Chee Keong. Their participation highlighted the multi-faceted approach Malaysia is taking to strengthen bilateral relations with India.

The visit’s centerpiece was a series of high-impact business engagements in New Delhi on 21 August 2024. YAB Prime Minister led one-on-one meetings with top executives from Tata Consultancy Services (TCS), Emami Agrotech Limited, and HCL Tech. Key outcomes included initatives for talent development in Malaysia’s IT sector, the establishment of an IC Design Centre, and a long-term supply deal for palm oil to India. These engagements coordinated by MIDA Mumbai alongside MITI and MATRADE demonstrate Malaysia’s commitment to fostering meaningful partnerships that drive both economic growth and innovation.

In addition to the one-on-one meetings, a high-level roundtable brought together 31 top industry executives from sectors such as information technology, pharmaceuticals, and semiconductors. Representatives from the Confederation of Indian Industries in Malaysia (CIIM) and the Indian Chemical Council (ICC) were also present, reinforcing the spirit of collaboration between the two nations. This forum served as a powerful platform for strengthening trade and investment ties, paving the way for new strategic alliances.

Reflecting on the visit’s success, MITI Minister expressed, “We are delighted to be able to secure RM8 billion of potential exports and RM4.5 billion of potential investment during the inaugural official visit of Malaysia’s Prime Minister to India. The positive outcome on the workforce expansion plans by TCS and HCL Technologies in Malaysia is also a welcome move, and MITI through MIDA, will do our best to facilitate their expansion. We will also continue to intensify efforts to attract quality digital investments – such as data and cloud-based technologies – to create more opportunities for our SMEs and higher-paying jobs for our people.”

Malaysia’s exports to India continue to thrive, with the top products being palm oil and palm oil-based products, electrical and electronic goods, metal manufactures, chemicals, and crude petroleum. Many of these exports have seen substantial growth compared to the previous year, reflecting the strong trade dynamics between the two countries.

The visit also saw the signing of seven (7) Memorandum of Understanding (MoUs) between Malaysian companies and their Indian partners. These agreements, focused on green technology, innovation, waste management, and railway infrastructure, are expected to come to fruition within the next one to five years, further enhancing Malaysia’s position as a key economic player in India.

On the investment front, as of March 2024, a total of 168 manufacturing projects involving Indian participation have been approved, amounting to RM4.6 billion (USD1.36 billion) in investments. These projects are set to create over 16,000 jobs. MITI, and its agencies, particularly MIDA and MATRADE, remains committed to deepening collaboration with India, particularly in key sectors such as semiconductors, chemicals, digital economy, and renewable energy.