Malaysia-India trade set to reach US$11 Billion

The flourishing trade between India and Malaysia is “on target” to reach US$11bil (RM34.87bil) by the year-end.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed said that the overall trend indicators were encouraging despite the challenging external environment.

“Given our current trade performance, I believe our trade this year will top the US$10bil mark, matching the Malaysia-India pre-crisis trade peak set in 2008,” he said in his keynote address at the India-Malaysia Trade and Investment Forum.

He also said the bilateral trade could exceed the US$15bil (RM47.55bil) target set by Prime Minister Datuk Seri Najib Razak and his Indian counterpart Manmohan Singh.

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