Semiconductors to AI: Modi invites Malaysian giants to tap India’s growth story

He met with Tengku Muhammad Taufik, President and Group CEO of PETRONAS; Dato' Seri Vincent Tan Chee Yioun, Founder of Berjaya Corporation Berhad; Amirul Feisal Wan Zahir, Managing Director of Khazanah Nasional Berhad; and  Pua Khein Seng, Founder of Phison Electronics.

During the interaction, Modi mentioned the initiatives and reforms undertaken in India in recent years to promote ease-of-doing-business and create a stable, efficient and predictable business and policy environment.

He encouraged businesses in Malaysia to explore the opportunities offered by India, particularly in the areas of infrastructure, renewable energy, digital technology, semiconductors, AI, and healthcare, among others.

In this regard, Prime Minister commended the convening of the 10th India-Malaysia CEO Forum in Kuala Lumpur on February 7 and expressed optimism that its deliberations will lead to deepening India-Malaysia trade and investment ties.

The industry leaders appreciated the reforms undertaken by the Government of India towards making a Viksit Bharat, and expressed strong confidence in India’s growth story.

They conveyed their keen interest in increasing their business presence in India by expanding their investment portfolios and exploring joint ventures with Indian counterparts.

Modi is currently on a two-day visit to Malaysia.