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)

Infrastructure Energy

19 Sep 2025

Nawgati Partners with Seed Group to Modernise UAE Fuel Retail

Nawgati, India’s leading fuel-tech platform, has partnered with Seed Group, part of The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to transform the UAE’s fuel retail and station management sector. The tie-up will deploy digital solutions to ease congestion, improve compliance, and enhance operational efficiency across outlets. Vaibhav Kaushik, Co-founder and CEO of Nawgati, said, “This partnership with Seed Group marks a significant milestone in Nawgati’s journey as we step out of India and into global markets. With Seed Group’s regional leadership and our technology, ..

Real Estate

19 Sep 2025

Sterling Opens Sterling Hibis Vellore, Its First Resort in the City

Sterling Holiday Resorts has announced the launch of Sterling Hibis Vellore, a 40-key resort spread across 5.3 acres off Tiruvannamalai Road. This marks Sterling’s debut in Vellore and its ninth property in Tamil Nadu. Positioned as a resort-style escape within city limits, Sterling Hibis Vellore caters to pilgrims visiting Sripuram Golden Temple, families exploring Vellore Fort, medical and academic visitors to CMC and VIT, and corporates seeking retreats. Guests can also extend trips with nearby Sterling properties in Yelagiri and Tiruvannamalai. The resort features 36 Classic Ro..

Equipment

19 Sep 2025

TVS ILP’s Hosur Facility Powers Ather’s Festive Season Growth

TVS Industrial & Logistics Parks (TVS ILP) is enabling brands to meet festive season demand with Grade-A Built-To-Suit (BTS) facilities. Its Hosur park, home to Ather Energy’s largest EV manufacturing centre, has helped the company scale to a production rate of one vehicle every 0.46 seconds. As two-wheeler EVs gain momentum, supported by rising adoption in Tier II and III cities and the upcoming GST 2.0 reform, Ather recorded the second-highest EV sales in August. To support festive peaks, TVS ILP is expanding EV charging infrastructure, optimising space at the battery unit, ..