KUALA LUMPUR, Nov 21 (Bernama) -- The Malaysia External Trade Development Corporation (MATRADE) has paved new pathways for Malaysian mid-tier companies to tap into India’s rapidly expanding market through a market immersion mission to Mumbai from Nov 19–21.
MATRADE said four such companies participated in the mission to deepen engagement with India’s dynamic business ecosystem players, unlock new export prospects, and elevate the visibility of Malaysian mid-tier companies in various supply chains.
“This mission reflects the strong commitment by MATRADE to support Malaysian companies in penetrating high-growth markets such as India. It is designed to forge new strategic partnerships, promote innovative and sustainable business solutions, and reinforce Malaysia’s position as a competitive and capable supplier through the Mid-Tier Companies Development Programme (MTCDP),” it said in a statement.
The participating companies engaged with major industry associations and related business entities such as the International Chamber of Investment and Business, Bombay Chamber of Commerce & Industry, Retailers Association of India, PHD Chamber of Commerce and Industry, Indo-Global Trade Development EXIM CCI, Indian Chambers of Commerce and Maybank India.
The Malaysian delegation also joined the 6th World Trade Expo and 10th Global Economic Summit in Mumbai to amplify its global branding and explore new partnerships.
India, the world’s fifth-largest economy, continues to record robust domestic consumption and rapid industrial expansion, presenting Malaysian exporters with a broad spectrum of new opportunities.
In 2024, total trade between both countries rose by 10.8 per cent to RM83.5 billion against 2023.
Malaysia’s exports to India reached RM52.1 billion, driven by palm oil and palm oil-based agriculture products, electrical and electronic components, manufactured metals, chemicals and chemical products, and crude petroleum.
Imports from India amounted to RM31.4 billion, comprising petroleum products, agriculture-related products, chemical and chemical products, manufactured metal, and electrical and electronic products.
-- BERNAMA
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