The Governments of India and Malaysia have reaffirmed their Comprehensive Strategic Partnership, issuing a joint statement that outlines expanded cooperation across semiconductors, energy, digital economy and trade facilitation. The discussions resulted in multiple cooperation understandings and an agreed roadmap to deepen bilateral economic engagement.
The joint statement prioritises collaboration in the digital economy, including the formalisation of the Malaysia–India Digital Council covering fintech, digital payments, cybersecurity, artificial intelligence and e-governance. Cooperation between NPCI International and PayNet Malaysia was highlighted to enable interoperable, low-cost cross-border digital payments for travellers, students and businesses. Semiconductors were identified as a core pillar, with both governments seeking to strengthen value chains, joint research, skills development and manufacturing linkages.
In the broader context, both sides committed to improving trade facilitation and investment flows by better utilising the Malaysia–India Comprehensive Economic Cooperation Agreement and reviewing the ASEAN–India Free Trade Area. Energy cooperation, including renewables such as solar and green hydrogen, alongside clean technologies, was identified as a strategic growth area. The two countries also agreed to promote local-currency trade settlement using the Indian rupee and Malaysian ringgit to reduce transaction costs. The visit builds on the elevation of bilateral ties to a Comprehensive Strategic Partnership in August 2024 and reinforces cooperation across trade, technology, energy transition and economic connectivity.