India and Malaysia share a long-standing relationship, with mutually beneficial trade at its core
Malaysia is the 13th largest trading partner for India
Tourism, traditional medicine, IT and services are key areas of engagement between Malaysia and India
India and ASEAN (of which Malaysia is a member) signed an FTA in goods in 2009. In 2014, an FTA in services was also included
25th largest investor in India
Malaysia has emerged as the third largest trading partner for India from the ASEAN region
Indian companies have invested in 242 manufacturing projects in Malaysia worth over US$2.62bn
US$ 1,175.2mn
FDI inflows into India from April 2000 to March 2023
US$ 19.89 bn
is bilateral trade value in 2022-2023
225,000
Overseas Indians living in Malaysia
Fast Growing Economy
GDP growth rate of 4.5%
Palm oil
Malaysia is the world’s second largest producer and exporter of palm oil, after Indonesia
Natural resources
rich in crude oil, natural gas, tin, timber, palm oil, rubber
Human Resources
Government's emphasis on human resource development ensures continuous supply of manpower to meet the needs of the expanding manufacturing and services sectors
Investment opportunities
in oil & gas, advanced electronics manufacturing, R&D, biotechnology, photonics, logistics, design, innovation and a highly automated manufacturing sector
Competitiveness
Malaysia is the 27th most competitive nation in the world out of 140 countries ranked in the Global Competitiveness Report 2018 published by the World Economic Forum
India's Exports and Imports to Malaysia
Source: Department of Commerce
Country / Region: MALAYSIA
S.No. | \Year | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 |
---|---|---|---|---|---|---|
1. | EXPORT | 6,436.30 | 6,364.66 | 6,057.68 | 6,995.04 | 7,156.16 |
2. | %Growth | -1.11 | -4.82 | 15.47 | 2.30 | |
3. | India’s Total Export | 330,078.09 | 313,361.04 | 291,808.48 | 422,004.40 | 450,958.43 |
4. | %Growth | -5.06 | -6.88 | 44.62 | 6.86 | |
5. | %Share | 1.95 | 2.03 | 2.08 | 1.66 | 1.59 |
6. | IMPORT | 10,818.60 | 9,782.28 | 8,373.05 | 12,424.20 | 12,734.94 |
7. | %Growth | -9.58 | -14.41 | 48.38 | 2.50 | |
8. | India’s Total Import | 514,078.42 | 474,709.28 | 394,435.88 | 613,052.05 | 714,042.45 |
9. | %Growth | -7.66 | -16.91 | 55.43 | 16.47 | |
10. | %Share | 2.10 | 2.06 | 2.12 | 2.03 | 1.78 |
11. | TOTAL TRADE | 17,254.90 | 16,146.94 | 14,430.73 | 19,419.24 | 19,891.11 |
12. | %Growth | -6.42 | -10.63 | 34.57 | 2.43 | |
13. | India’s Total Trade | 844,156.51 | 788,070.32 | 686,244.36 | 1,035,056.45 | 1,165,000.88 |
14. | %Growth | -6.64 | -12.92 | 50.83 | 12.55 | |
15. | %Share | 2.04 | 2.05 | 2.10 | 1.88 | 1.71 |
16. | TRADE BALANCE | -4,382.31 | -3,417.62 | -2,315.38 | -5,429.16 | -5,578.78 |
17. | India’s Trade Balance | -184,000.33 | -161,348.24 | -102,627.40 | -191,047.65 | -263,084.03 |
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Level 28, Menara 1 Mon’t Kiara,
No. 1, Jalan Mon’t Kiara, 50480, Kuala Lumpur
Beer made from malt (220300)
Spirits obt. by distilling grape wine/grape marc (220820)
Whiskies (220830)
Wine other than sparkling wine of fresh grapes, incl. fortified; grape must with fermentation prevented/arrested by the addition of alcohol, in containters of 2 l/less (220421)
Cuts & edible offal of species Gallus domesticus, frozen (020714)
Meat of bovine animals, frozen, boneless (020230)
Meat of sheep (excl. lamb & carcasses), frozen, bone-in (020442)
Sugar confectionery other than chewing gum (incl. white chocolate), not con … (170490)
Sweet biscuits (190531)
Durum wheat: seed (100111)
Groats/meal of wheat (110311)
Maize (corn), other than seed (100590)
Maize (corn), seed (100510)
Malt extract; oth. food preps. of flour/groats/meal/starch/malt extact [see … (190190)
OTHER WHEAT AND MESLIN (100199)
Semi-milled/wholly milled rice, whether or not polished/glazed (100630)
Cocoa beans, whole/broken, raw/roasted (180100)
Cocoa paste, not defatted (180310)
Cocoa paste, wholly/partly defatted (180320)
Fats & oils derived from milk, other than butter & dairy spreads (040590)
Milk in powder/granules/oth. solid form, fat content by wt. not >1.5% (040210)
Milk in powder/granules/oth. solid form, unsweetened, fat content by wt. >1 … (040221)
Processed cheese, not grated/powdered (040630)
Pasta (excl. of 1902.11-1902.20) (190230)
agriexchange.apeda.gov.inFood preps., n.e.s. (210690)
Preparations for infant use, put up for RS (190110)
Sauces & preps. therefor, n.e.s.; mixed condiments & mixed seasonings, n.e. … (210390)
Whey & modified whey, whether or not concentrated/sweetened (040410)
Apples, fresh (080810)
Cabbages, kohlrabi, kale & sim. edible brassicas (excl. cauliflowers, heade … (070490)
Cauliflowers & headed broccoli, fresh/chilled (070410)
Dates, fresh/dried (080410)
Fruits of the genera Capsicum/Pimenta, fresh/chilled (070960)
Garlic, fresh/chilled (070320)
Grapes, fresh (080610)
Manioc (cassava) starch (110814)
Onions & shallots, fresh/chilled (070310)
Oranges, fresh/dried (080510)
OTHER CANE SUGAR: (170114)
Potatoes other than seed potatoes, fresh/chilled (070190)
Potatoes, prepd./presvd. othw. than by vinegar/acetic acid, frozen, other t … (200410)
Crustaceans; frozen, shrimps and prawns, exclusing cold water varieties, in shell or not, smoked, cooked or notbefore or during smoking; in shell, cooked by steaming or by boiling in water (030617)
Fish; fresh or chilled, n.e.c. in heading 0302, excluding fillet, liver, roes and other fish meat of heading 0304 (030289)
Fish; frozen, mackerel (Scomber scombrus, Scomber australasicus, Scomber japonicus), excluding fillets, livers, heading 0304 (030354)
Fish; frozen, n.e.c. in heading 0303, excluding fillets, livers, roes and other fish meat of heading 0304 (030389)
Molluscs; cuttle fish and squid, whether in shell or not, frozen, dried, salted, in brine, or smoked, cooked or not before or during the smoking process (030749)
*Information subject to changes amid the global COVID-19 pandemic.
There’s a plethora of opportunities in Malaysia’s rapidly-growing economy. However, Malaysian Government does not promote employing expatriates.
Malaysia has one of the largest communities of Persons of Indian Origin in the world, numbering around 2.9 million (about 9-10% of Malaysia’s population). There are around 2987950 Indian expatriates, both skilled and unskilled. Additionally, about 2,000 Indian students are studying in Malaysia while an estimated 8,000 Malaysian students are studying in India.
Immigration Department Malaysia: https://www.imi.gov.my/index.php/en/pass.html
More Info: Employment Pass Employment Approval Procedure Visitor’s Pass (Temporary Employment)
Public and private infrastructure building, maintenance
Malaysia’s construction industry is expected to expand at a CAGR of 4.7% over 2019-24. Construction of civic infrastructure and connectivity projects has been supported by foreign workers at different levels in Malaysia.
Malaysian Investment Development AuthorityForeign Workers LevyConventional energy, power utilities and renewable energy jobs
Apart from the rising capabilities in conventional fuels, the Malaysian Government is keen on augmenting the renewable energy sector. Energy utilities, from conventional to renewables, in Malaysia draw foreign workers with varied capabilities.
Malaysia Petroleum Resources CorporationForeign Workers LevyTax, accounting, banking, insurance, audit and other financial services
The financial services sector in Malaysia is coming up rapidly owing to digitisation of banking and other financial services enterprises. Financial services in Malaysia are supported by foreign workers at different capacities.
Bank Negara MalaysiaForeign Workers LevySoftware, hardware, new technology
Spending on technology products and services in Malaysia is estimated to reach US$15.5 billion in 2019, as per Gartner. The IT and ICT infrastructure in Malaysia has been set up and is supported by foreign workers.
Malaysia Digital Economy CorporationForeign Workers LevyOperational management, sales and marketing
The steady growth in the Malaysian economy has called for expert solutions in marketing and management to maximise opportunities. Activities related to marketing and management spanning a range of sectors in Malaysia involve foreign workforce.
Malaysian Investment Development AuthorityForeign Workers LevyUpstream oil and gas sector staffing
Nearly 40% of Malaysia’s revenue comes from oil and gas export. Malaysia’s oil and gas exploration sector is a major employer and strength for the economy.
Malaysia Petroleum Resources CorporationForeign Workers LevyFaculty positions up to uninversity
Malaysia invests around 20% of the annual budget in strengthening the education system, according to the World Bank. The education sector in Malaysia, ranging from schools to universities, draw foreign teaching staff from different disciplines.
Ministry of Education MalaysiaForeign Workers LevyProduction: 2.4 million tonnes (2016)
Reserve: 198 million tonnes (2016)
Export: 24,000 metric tonnes (2016)
Production: 412,004 tons
kats.gov.myProduction: 2,249 kg (2016)
Reserve: 115 million tonnes (2018)
Export: US$ 1 billion (2018)
Iron Ore:
Reserve: 498.6 million tonnes (2018)
Production: 1.9 million tonnes (2018)
Export: US$ 3.22 billion (2018)
Production: 63,588 cubic meters (2018)
Reserve: 42 trillion cubic feet (2017)
Export: 32,848 cubic meters (2018)
Production: 3.6 million tonnes (2018)
data.gov.myReserve: 1.3 million tonnes (2018)
data.gov.myHere are the leading sectors of opportunities for foreign investors
Biocon - Biotech
Manipal group - Education
Reliance - Petrochemicals
Embassy Group - Construction
Punj Lloyd - Oil and gas
Asian Gateways Construction SdnBhd - Infrastructure
BHEL - Machinery
IRCON International Ltd - Indian Railways subsidiary
Ranhill Bhd - Water and power
Mudajaya Group Berhad - Construction
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