Several deals to be signed during Anwar's visit - Indian media

Bernama

14/08/2024 Several deals to be signed during Anwar's visit - Indian media

India and Malaysia are in the process of firming up a framework for conducting trade in national currencies as well, the reports said. - FB/Anwar Ibrahim/Narendra Modi

NEW DELHI: A number of agreements are expected to be signed between India and Malaysia during Malaysian Prime Minister Datuk Seri Anwar Ibrahim's visit to New Delhi next week, according to Indian media reports.

Trade, investment, technology, regional security, labour, defence and tourism are likely to figure prominently during the discussions Indian Prime Minister Narendra Modi will have with Anwar, the reports said.

Anwar travelled to India in January 2019 to participate in a conference in New Delhi and had a meeting with Modi at that time, but it will be his first visit to the country since becoming prime minister in 2022.

The Indian media highlighted strong bilateral economic relations, with the value of trade during the 2022-23 (April-March) fiscal year at around US$20 billion.

"India and Malaysia are in the process of firming up a framework for conducting trade in national currencies as well," the Indian Express newspaper reported.

It said the two sides are also "initiating a process to review the 12-year-old Comprehensive Economic Cooperation Agreement (CECA) to include new domains and items".

A key subject of the discussions will be recruitment of Indian workers by Malaysia.

"One of the most important agreements set to be inked is a memorandum of understanding on recruitment, employment and repatriation of workers," the Hindustan Times newspaper reported.

There are 185,000 Indian expatriates in Malaysia, the reports said, citing official data.

Anwar is scheduled to deliver a lecture on "Towards a Rising Global South - Leveraging on Malaysia-India Ties" at the Indian Council of World Affairs (ICWA), a Foreign Ministry-affiliated think-tank during the visit.

-- BERNAMA