Malaysia’s Chairmanship of ASEAN in 2025 can open new trade and investment corridors for Indian industry across the Southeast Asian region, said Dato’ Muzafar Shah bin Mustafa, High Commissioner of Malaysia to India. He was speaking at an interactive session organised by PHDCCI on global trade and investment opportunities in Malaysia for Indian businesses.
Highlighting the critical role of India as a strategic ASEAN partner, he said, “In today’s complex global environment, it is very important for both countries to collaborate in strengthening our global supply chains for sustainable growth.” He noted that India and Malaysia share strong historical ties that must be further deepened through mutual trade and technology exchange.
Malaysia recorded economic growth worth USD 18.25 billion in 2024, with palm oil being its top export to India. In contrast, petroleum products form the bulk of India’s exports to Malaysia. He also informed that Indian companies have invested USD 2.87 million in Malaysia.
Electrical and electronics was underscored as a key sector for collaboration, along with digital innovation and data centre development. “India’s strength in software and digital solutions can play a crucial role in boosting Malaysia’s digital economy,” he added, pointing to recent major investments by global tech giants such as Microsoft and Amazon in Malaysia’s data infrastructure.
Healthcare, biotechnology, tourism and renewable energy were also listed as priority areas. Malaysia, which launched its National Energy Transition Roadmap in 2023, aims to achieve 70 per cent renewable energy contribution by 2050. He called for joint initiatives in medical tourism, clean energy, and skill development.
“We encourage Indian industry to actively explore opportunities across Malaysia’s diverse economic landscape, which also offers access to the wider ASEAN region,” he said, urging Indian businesses to pursue stronger commercial partnerships with Malaysian counterparts.
Naveen Seth, Deputy Secretary General, PHDCCI, said the session was part of the Chamber’s continued efforts to build global economic linkages. “As we celebrate 120 years of PHDCCI’s legacy, we aim to create meaningful platforms that foster international cooperation and help our members tap into emerging markets like Malaysia,” he said.
He added that Malaysia remains a priority partner and PHDCCI would continue to organise such engagements to facilitate cross-border investment and trade.