India and Malaysia Sign 11 Agreements During PM Modi’s Visit
India and Malaysia signed 11 agreements across key sectors during Prime Minister Narendra Modi’s visit, including promoting the use of local currencies—rupee and ringgit—in trade and investment.
Prasanth Subramani
0
34
During Prime Minister Narendra Modi’s ongoing visit to Malaysia, India and Malaysia signed 11 agreements covering multiple sectors.
The agreements aim to strengthen cooperation in areas such as trade, investment, and economic partnership between the two countries. Notably, both nations have agreed to promote the use of local currencies—Indian Rupee and Malaysian Ringgit—in bilateral trade and investments, a move expected to enhance financial cooperation and reduce dependency on foreign currencies.
The development marks another important step in deepening strategic and economic ties between India and Malaysia, reinforcing their growing partnership across key sectors.
