India and Malaysia Elevate Ties to Comprehensive Strategic Partnership
New Delhi, August 20
Prime Minister Narendra Modi announced that India and Malaysia will elevate their relationship to a Comprehensive Strategic Partnership. This announcement was made during a joint press statement with Malaysian Prime Minister Anwar Ibrahim at Hyderabad House in Delhi.
PM Modi expressed his happiness in welcoming Anwar Ibrahim on his first visit to India as the Malaysian premier. He noted that the partnership between India and Malaysia has gained new momentum and energy over the past two years, with Malaysian investments in India reaching over 5 billion dollars last year.
Modi emphasized the potential for increased cooperation in new technology areas such as fintech, semiconductors, AI, and quantum technology. He also announced plans to link India’s UPI with Malaysian Paynet.
Before the joint press statements, India and Malaysia exchanged several Memorandums of Understanding (MoUs) and agreements in the presence of both prime ministers. Earlier in the day, PM Modi held a bilateral meeting with Anwar Ibrahim to discuss deepening engagement across various domains of partnership.
Anwar Ibrahim, who arrived in New Delhi for a state visit, was warmly received by Union Minister of State, V Somanna. He also paid homage to Mahatma Gandhi at Rajghat and signed the visitor’s book.
Doubts Revealed
Prime Minister Modi -: Prime Minister Modi is the leader of India. He makes important decisions for the country.
Malaysian PM Anwar Ibrahim -: Anwar Ibrahim is the leader of Malaysia. He works with other countries to help Malaysia grow.
Comprehensive Strategic Partnership -: This means that India and Malaysia will work very closely together in many areas like trade, technology, and more.
investment and trade -: Investment is when people or companies put money into something to make it better. Trade is when countries buy and sell things to each other.
5 billion dollars -: This is a very large amount of money, showing that India and Malaysia do a lot of business together.
new technology areas -: These are new and advanced fields like computers, the internet, and other high-tech things.
UPI -: UPI stands for Unified Payments Interface. It’s a way to send money using your phone in India.
Malaysian Paynet -: Paynet is a system in Malaysia that helps people send and receive money electronically.
MoUs -: MoUs stand for Memorandums of Understanding. These are agreements between countries to work together on certain things.