India to focus on green energy with Malaysian PM arrival

19 Aug 2024 CW Team

Sources indicate that both countries are working towards a significant agreement in the start-up sector. Indian companies like RazorPay and Pine Labs currently dominate the digital payment market in Malaysia, holding nearly 70% of the B2B segment, while Malaysian start-ups are increasingly tapping into India's advanced digital technology expertise.

In conversations with industry leaders and policymakers in Kuala Lumpur, two key areas of interest for Malaysia emerged: leveraging India's National Skill Development programme and seeking collaboration and support in the Electric Vehicle (EV) and Artificial Intelligence sectors. Malaysia is keen to accelerate the growth of its EV industry, which has seen slow demand despite government efforts to build an EV ecosystem, especially after Tesla's decision to abandon plans to manufacture EVs in the country. Anwar is expected to seek Indian investment to help develop this promising yet underdeveloped sector in Malaysia.

Additionally, discussions will likely address the import of Malaysian palm oil, which suffered due to former Prime Minister Mahathir Mohamad's stance on Kashmir. Anwar aims to resolve this issue with Prime Minister Modi. India imported palm oil worth 7.08 billion Malaysian Ringgit from Malaysia between January and August 2023. The two nations are also expected to review their Comprehensive Economic Cooperation Agreement to potentially include new trade items.

(ET)

Malaysian Prime Minister Anwar Ibrahim is set to arrive in India, with a focus on securing Indian investments to help revitalise Malaysia's economy, particularly in the digital and green energy sectors. Anwar's visit marks the first prime-ministerial trip from Malaysia to India since 2018, and he is scheduled to meet with Indian Prime Minister Narendra Modi on August 20. Sources indicate that both countries are working towards a significant agreement in the start-up sector. Indian companies like RazorPay and Pine Labs currently dominate the digital payment market in Malaysia, holding nearly 70% of the B2B segment, while Malaysian start-ups are increasingly tapping into India's advanced digital technology expertise. In conversations with industry leaders and policymakers in Kuala Lumpur, two key areas of interest for Malaysia emerged: leveraging India's National Skill Development programme and seeking collaboration and support in the Electric Vehicle (EV) and Artificial Intelligence sectors. Malaysia is keen to accelerate the growth of its EV industry, which has seen slow demand despite government efforts to build an EV ecosystem, especially after Tesla's decision to abandon plans to manufacture EVs in the country. Anwar is expected to seek Indian investment to help develop this promising yet underdeveloped sector in Malaysia. Additionally, discussions will likely address the import of Malaysian palm oil, which suffered due to former Prime Minister Mahathir Mohamad's stance on Kashmir. Anwar aims to resolve this issue with Prime Minister Modi. India imported palm oil worth 7.08 billion Malaysian Ringgit from Malaysia between January and August 2023. The two nations are also expected to review their Comprehensive Economic Cooperation Agreement to potentially include new trade items.(ET)

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

Infrastructure Urban

07 Aug 2026

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Infrastructure Transport

07 Aug 2026

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..