India’s self-reliant campaign or Atmanirbhar Bharat Abhiyaan will change the face of Malaysia-India trade relations. With New Delhi recently approving the US$1.4 billion (RM5.8 billion) National Mission on Edible Oils-Oil Palm (NMEO-OP) to become self-reliant in edible oil production, Malaysia would be hit hard, considering that India is one of the largest importers of Malaysian palm oil. This is an opportunity for Putrajaya to revisit the current trade, investment and business relationship with New Delhi to ensure that ties remain resilient.
This policy brief suggests that Malaysia and India cooperate on enhancing industries based on shared cultural practices and promote Parasparik Nirbharata (interdependence).
Institute of Strategic and International Studies (ISIS) Malaysia