Prime Minister Narendra Modi’s recent visit to Malaysia has catalyzed transformative trade agreements, strengthening the centuries-old bond between the two nations. In an exclusive insight, Malaysian Representative M. Kulasegaran predicted India’s ascent as a frontrunner in new economic alliances, destined to rank among the globe’s most prosperous economies.
Drawing from history, Kulasegaran recalled traders from India engaging with Malaysia over 5,000 years ago. ‘Our relationship isn’t new; it’s ancient,’ he affirmed. Modern trade, however, navigates technical hurdles, tariffs, and competitors. These pacts are designed to reduce risks, fostering robust business environments and propelling trade to new heights.
Kulasegaran lauded PM Modi’s negotiation prowess, particularly the groundbreaking pacts with Europe and America. ‘This reflects India’s inherent strength and the leadership of a progressive Prime Minister,’ he said. Such visionary policies encourage other nations, including Malaysia, to emulate and collaborate, reaping mutual benefits.
Turning to defense collaborations, he spotlighted India’s rapid internationalization of its aerospace capabilities, including Sukhoi jets displayed at Malaysian expos. ‘India beats global competitors on cost and technology, plus its friendly disposition,’ Kulasegaran explained. This positions Malaysia advantageously in acquiring essential military hardware.
The UPI system’s ingenuity drew special praise as a trailblazing payment mechanism. ‘It’s efficient, modern, and scaling massively in India,’ he observed. This innovation exemplifies the fresh pathways opening up, promising enhanced efficiency in cross-border ventures.