PM Modi Engages Malaysian Industry Leaders, Highlights India’s Growth Opportunities
Introduction
Prime Minister Narendra Modi on Sunday engaged with prominent Malaysian industry leaders, reinforcing India’s position as one of the world’s fastest-growing investment destinations. The interaction highlighted rising Malaysian interest in the “Indian growth story” and marked another step forward in strengthening India–Malaysia economic relations.
Strengthening India–Malaysia Business Ties
According to the Ministry of External Affairs (MEA), the Prime Minister welcomed the growing momentum in business-to-business collaboration between India and Malaysia. He encouraged deeper engagement across strategic and future-ready sectors, underlining the importance of long-term partnerships between companies from both nations.
Key Meetings with Malaysian Industry Leaders
During his interactions, PM Modi met several leading Malaysian business figures, including Tengku Muhammad Taufik, President and Group CEO of PETRONAS; Vincent Tan Chee Yioun, Founder of Berjaya Corporation Berhad; Amirul Feisal Wan Zahir, Managing Director of Khazanah Nasional Berhad; and Pua Khein Seng, Founder of Phison Electronics.
Energy Cooperation and Green Transition
In discussions with Tengku Muhammad Taufik, the focus was on enhancing energy cooperation and exploring new opportunities in renewables and clean fuels. These included green hydrogen and green ammonia, areas seen as critical to the global energy transition. The MEA noted that PETRONAS has maintained a diversified presence in India for over three decades, spanning LNG, petrochemicals, and emerging green energy solutions.
Expanding Footprint in Services, Technology, and Innovation
Vincent Tan highlighted Berjaya Corporation’s interest in expanding its footprint in India’s fast-growing services and consumer sectors. Meanwhile, Pua Khein Seng expressed Phison Electronics’ intent to participate in India’s rapidly expanding technology and innovation ecosystem, particularly in the semiconductor industry. Amirul Feisal Wan Zahir described India as a high-potential market for long-term investments, citing its ongoing economic transformation.
India’s Reform-Driven Growth Story
Prime Minister Modi outlined the reforms and initiatives undertaken by the Government of India to improve ease of doing business and ensure a stable, efficient, and predictable policy environment. He invited Malaysian businesses to explore opportunities in infrastructure, renewable energy, digital technologies, semiconductors, artificial intelligence, and healthcare sectors that are central to India’s growth agenda.
CEO Forum and Future Outlook
The industry leaders welcomed India’s reforms and expressed strong confidence in the country’s growth trajectory. They conveyed keen interest in expanding investments and exploring joint ventures with Indian partners. PM Modi also interacted with CEOs from both countries, noting that the CEO Forum has opened new avenues for bilateral trade and investment.
Commending the successful convening of the 10th India–Malaysia CEO Forum in Kuala Lumpur, the Prime Minister expressed optimism that its deliberations would further deepen trade and investment ties, paving the way for a stronger and more dynamic economic partnership between India and Malaysia.
