Malaysia and Timor-Leste explore opportunities to strengthen bilateral cooperation across trade, education, technical training and human capital development sectors, as both countries seek to strengthen their partnership. The discussions between Malaysian Prime Minister Anwar Ibrahim and Timor-Leste President José Ramos-Horta in Putrajaya focused on expanding collaboration in areas that can support long-term economic growth and social development. According to Anwar, strengthening human capital development through education, Technical and Vocational Education and Training (TVET), and c
Union Commerce and Industry Minister Piyush Goyal said India’s pharmaceutical industry has the potential to double in size from $60 billion over the next five years, as the country focuses on innovation-driven healthcare and global pharmaceutical partnerships. Speaking at the Global Ambassador Meet on the Pharmaceutical Sector and the curtain-raiser ceremony for GDRC 2026 and IPHEX 2026 in New Delhi, Goyal invited global pharmaceutical companies to partner with India across innovation, manufacturing, clinical research and healthcare technology. The minister said India is looking to mo
The Andhra Pradesh Chambers of Commerce and Industry Federation on Monday hosted a Malaysian delegation for discussions aimed at expanding bilateral trade, investment and commercial cooperation across multiple sectors. The Malaysian Consul General Saravana Kumar Kumaravasagam led the delegation to South India. During the meeting, representatives explored opportunities for collaboration in manufacturing, logistics, food processing, electronics, renewable energy, tourism and other high-growth sectors. Andhra Pradesh Chambers president Potluri Bhaskara Rao said the state has emerged as a pref
Union Commerce and Industry Minister Piyush Goyal launched the BHAVYA Portal to accelerate the development of 100 industrial parks countrywide. The initiative is to create integrated industrial ecosystems with multimodal connectivity, reliable utility systems, digital governance mechanisms and sustainable infrastructure. Addressing the gathering in New Delhi, Goyal said the portal would serve as a transformation tool to strengthen India’s manufacturing ecosystem by creating investment-ready industrial infrastructure. He added that the digital platform would improve transparency, efficien
India's automotive sector has demonstrated remarkable resilience in May 2026, with the passenger vehicle market registering a stellar 23% year-on-year growth due to strong domestic demand and the Make in India manufacturing ecosystem. Union Minister of Commerce and Industry Piyush Goyal described the figures as evidence that India’s growth engine is in top gear. The primary reason for the surge is Maruti Suzuki India, Tata Motors, and Mahindra & Mahindra. The minister added that the rising appetite for domestically manufactured vehicles reflects deepening consumer confidence in India
Thailand has emerged as a leading force in advancing the ASEAN Digital Economy Framework Agreement (DEFA), a landmark initiative designed to create a unified digital marketplace across Southeast Asia. Thai officials have actively promoted the agreement as a model for future trade rules, highlighting its potential to transform digital commerce, data governance, and cross-border economic cooperation within the region. DEFA is expected to become the world’s first regional digital economy agreement, establishing common standards for digital trade, cybersecurity, data protection, and online b
India’s tyre industry recorded its highest-ever export performance in FY26, with overseas shipments reaching ₹27,312 crore, marking a 9 per cent increase over the previous financial year. The achievement comes despite disruptions in global supply chains, elevated logistics costs and trade-related uncertainties in key international markets. According to industry data, the United States remained the largest export destination, accounting for about 15 per cent of total tyre exports by value. Other major markets included Germany, Italy, Brazil and France, highlighting the growing global fo
The recently implemented India-Oman Comprehensive Economic Partnership Agreement (CEPA) is expected to provide a significant boost to India’s textile sector, particularly micro, small and medium enterprises (MSMEs). The agreement came into force on June 1, granting Indian exporters preferential access to the Omani market and creating new opportunities for labour-intensive industries. Government officials believe the pact will strengthen India’s export competitiveness by reducing trade barriers and enhancing market access for sectors including textiles, leather, plastics, marine product
The ASEAN-6 economies—Indonesia, Malaysia, Thailand, Singapore, Philippines, and Vietnam—are increasingly being recognized as one of the most dynamic economic growth regions in the world. Experts note that strong domestic demand, manufacturing expansion, digital transformation, and deeper regional integration continue to support the bloc’s economic momentum. The six economies have benefited from growing investment flows, improving infrastructure, and the diversification of global supply chains. Many multinational companies are expanding operations across Southeast Asia as they seek n
Malaysia and Thailand are expanding their logistics cooperation through the development of a major inland clearance depot in Perlis, a project expected to strengthen cross-border trade and support a bilateral trade target of US$30 billion. The initiative reflects growing economic integration between the two Southeast Asian neighbors and aims to improve the efficiency of regional supply chains. Malaysian Transport Minister Anthony Loke stated that the facility will provide faster and more streamlined logistics services, helping businesses move goods more efficiently across the border. Perli