BN Reddy, the Indian High Commissioner to Malaysia, has recently announced that trade between India and Malaysia is set to reach nearly USD 25 billion in the next three years. The trade relationship between the two nations is currently valued at USD 20 billion, and it is predicted to only increase in the coming future with an emphasis on economic sustainability.
The Indian High Commissioner further elaborated on how this transnational relationship is one that can be sustained by economic and trade relations. stating that India’s imports include many Malaysian commodities such as palm oil, crude oil, and LNG.
“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.”
– BN Reddy, the Indian High Commissioner to Malaysia
The Indian envoy also expressed that since Indian Prime Minister Modi’s visit in 2015. India has realised a greater need to be more engaged with Malaysia, not just economically but also in other vital aspects as well. Since Prime Minister Anwar’s appointment, many Indian ministers have visited Malaysia. BN Reddy states that since Malaysia houses the second largest Indian diaspora, which is predominantly Tamil, there is also a minority of Malayalis, Telugu, Punjabis, Gujuratis, etc., making Malaysia a mini-India. This existing Indian diasporic population serves as a bridge between the two nations.
Source: Business-Standard
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