{"id":87396,"date":"2026-02-09T00:00:00","date_gmt":"2026-02-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/2026\/02\/09\/india-malaysia-ties-deepen-into-semiconductors-local-currency-trade\/"},"modified":"2026-02-09T00:00:00","modified_gmt":"2026-02-09T00:00:00","slug":"india-malaysia-ties-deepen-into-semiconductors-local-currency-trade","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2026\/02\/09\/india-malaysia-ties-deepen-into-semiconductors-local-currency-trade\/","title":{"rendered":"India, Malaysia ties deepen into semiconductors, local-currency trade"},"content":{"rendered":"

India\u2019s<\/strong> Prime Minister Narendra Modi and Malaysian Prime Minister Anwar Ibrahim committed to boost bilateral trade and explore cooperation<\/strong> in semiconductors, defense, and other strategic sectors, during Modi\u2019s two-day visit to Malaysia, according to an Information Ministry<\/a> press release. <\/p>\n

De-dollarization becomes functional:<\/strong> Bank Negara Malaysia and the Reserve Bank of India will operationalize a framework for INR-MYR invoicing and settlement in a push to promote local-currency trade settlement. For businesses, this means reduced forex conversion costs and a hedge against USD volatility in the USD 19.8 bn trade corridor<\/a>. <\/p>\n

Chip ambitions: <\/strong>Malaysia, which controls roughly 13% of global chip testing and packaging, is now a formal partner in India\u2019s chip-making ambitions. This provides Indian firms like Tata Electronics \u2014 which was in talks<\/a> to acquire Malaysian assets \u2014 with a direct line to 40 years of technical expertise to de-risk their domestic fabrication projects.<\/p>\n

In the pipeline: <\/strong>The visit is Modi\u2019s first since ties were elevated to a comprehensive strategic partnership in August 2024, concluding with 11 agreements. <\/p>\n","protected":false},"excerpt":{"rendered":"

Prime Ministers Narendra Modi and Anwar Ibrahim reaffirm a broad economic and strategic agenda as New Delhi looks to strengthen engagement with Malaysia<\/p>\n","protected":false},"author":1,"featured_media":87397,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2465],"tags":[2464,2402,2497,2910,2474],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-diplomacy","tag-enterpriseam-india","tag-india","tag-malaysia","tag-narendra-modi","wpautop","entry"],"acf":{"mongo_id":"7a3cc3d8-c9ba-4968-b37c-7aba4d8ba209","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/2\/578.jpg","photo_position":"above","homepage_title":"","full_issue_title":"India, 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