logo
Brics Summit: India, Malaysia review bilateral cooperation in trade, investment

Brics Summit: India, Malaysia review bilateral cooperation in trade, investment

Hindustan Times6 days ago
The review of the India-Asean free trade agreement and bilateral cooperation in areas ranging from trade and investment to defence figured in a meeting between Prime Minister Narendra Modi and Malaysian counterpart Anwar Ibrahim on the margins of the Brics Summit in Rio de Janeiro. PM Modi congratulated Malaysia for its successful stewardship of Asean. (AFP photo)
The two leaders reviewed progress in bilateral ties since Anwar's visit to India in August 2024, including in trade, investment, defence, education, healthcare, tourism and people-to-people contacts, the external affairs ministry said after the meeting late on Sunday.
Modi congratulated Malaysia for its successful stewardship of Asean and welcomed the country's support for a strengthened Asean-India comprehensive strategic partnership, including the 'early and successful completion of the review of the Asean-India FTA', the ministry said.
India has been concerned about the lack of progress in nine rounds of negotiations held so far to review the Asean-India Trade in Goods Agreement (AITIGA). The Indian side believes the pact's weak provisions for rules of origin have led to dumping of Chinese-made goods through some of the 10 member states of Asean. The next round of negotiations will be held in August.
Modi also thanked Anwar for his strong condemnation of the Pahalgam terror attack, and the leaders discussed cooperation in regional security and the multilateral arena.
Modi held a separate meeting with Cuban President Miguel Diaz-Canel Bermudez on the margins of the Brics Summit to review bilateral ties in economic cooperation, development partnership, fintech, capacity building, science and technology, disaster management and healthcare.
Also Read: PM Modi thanks Malaysia, Cuba for condemning Pahalgam terror attack: MEA
Diaz-Canel acknowledged India's expertise in the digital domain and expressed interest in the country's digital public infrastructure and Unified Payment Interface (UPI) digital payment system, the external affairs ministry said.
Modi proposed Cuba should recognise Indian pharmacopoeia, which will lead to the Cuban national healthcare system having access to Indian generic medicines.
The two leaders also agreed to work on issues of concern to the Global South, including health, pandemics and climate change.
Modi also had pull-asides with South Africa's President Cyril Ramaphosa and Vietnam's Prime Minister Phạm Minh Chinh.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

List of 10 largest banks in the world released, China dominates with top 4 positions followed by..., India is...
List of 10 largest banks in the world released, China dominates with top 4 positions followed by..., India is...

India.com

time39 minutes ago

  • India.com

List of 10 largest banks in the world released, China dominates with top 4 positions followed by..., India is...

New Delhi: China is the second largest economy in the world. But if we look at the list of the 10 largest banks in the world in terms of assets, then China dominates it. China has four banks at the top of this list. The total assets of these four banks are around 23 trillion dollars. America and France have 2 banks each in the top 10 list, while Japan and Britain have one bank each. India's banks SBI and HDFC Bank are far behind in this list. Which are the 10 largest banks in the world by assets? Here is the list of 10 largest banks in the world by assets, top 4 are from China. According to Bloomberg, China's Industrial and Commercial Bank of China (ICBC) is at the top of this list with assets of 6.7 trillion dollars. It is the largest of the 'big four' banks in China, and the largest bank in the world by total assets. The Agricultural Bank of China (ABC), also known as AgBank, is one of the 'big four' banks in China, and the second largest bank in the world by total assets of $5.9 trillion. The China Construction Bank Corporation (CCB), headquartered in Beijing, is one of the 'big four' banks in China, and is the third largest bank in the world by total assets of $5.6 trillion. The Bank of China is one of the 'big four' banks in China. It is at number four in this list with the total assets of $4.8 trillion. In this way, there are four Chinese banks at the top four positions in the list of world's banks whose total assets are around $23 trillion which is more than China's GDP ($19.23 trillion). The total assets of these four Chinese banks are around $23 trillion which is more than China's GDP, which is about $20 trillion. Which are the other countries? In this list, America's JP Morgan Chase is at number five with assets of $4 trillion. Bank of America is at number six with assets of $3.3 trillion. Britain's bank HSBC is at number seven with assets of $3 trillion. France's BNP Paribas with $2.8 trillion and Credit Agricole Group with $2.7 trillion are at number eight and nine. Japan's Mitsubishi UFJ Financial Group is at number ten with $2.6 trillion. Where does India rank? India's largest public sector bank SBI ($547 billion) and HDFC Bank ($494 billion) are among the top 100. India's largest public sector bank State Bank of India (SBI) has total assets of $547 billion and HDFC Bank has assets of $494 billion. Both these Indian banks have made it to the top 100.

CM writes to PM to save Nimisha Priya from death row
CM writes to PM to save Nimisha Priya from death row

The Hindu

timean hour ago

  • The Hindu

CM writes to PM to save Nimisha Priya from death row

Kerala Chief Minister Pinarayi Vijayan has written to Prime Minister Narendra Modi to intervene with Yemeni authorities and save Indian nurse Nimisha Priya, who has been sentenced to be executed in Yemen. In a letter to Mr. Modi on Sunday, Mr. Vijayan appealed to him to take up the matter and intervene with the authorities concerned to save the life of Nimisha Priya, 'considering the fact that this is a case deserving sympathy'. In the letter, he also attached a letter he had written to the Union Minister for External Affairs on March 24, 2025. In the March letter, Mr. Vijayan had written that the aged mother of Nimisha Priya had been making fervent appeals to save the life of her daughter. In an earlier letter dated February 6, 2025, he had requested intervention from Union Government for saving the life of the young woman, who has been found guilty for a crime committed by her as a teenager. Nimisha Priya, who hails from Kollengode in Palakkad district of Kerala, was convicted in 2020 for the murder of her Yemeni business partner in July 2017. She was allegedly subjected to severe abuse, and in an attempt to defend herself, the man had died. Nimisha Priya now faces the death penalty. As per Yemeni law, clemency is possible only through blood money. Her execution has been reportedly fixed for July 16.

"Indians in Dubai have carved a unique identity": MP CM Yadav
"Indians in Dubai have carved a unique identity": MP CM Yadav

India Gazette

timean hour ago

  • India Gazette

"Indians in Dubai have carved a unique identity": MP CM Yadav

Dubai [UAE], July 13 (ANI): Madhya Pradesh Chief Minister Mohan Yadav congratulated Indians working in Dubai for strengthening the relations between both countries. He is in the UAE to meet investors, entrepreneurs, and experts and to introduce them to the possibilities of Madhya Pradesh, under the 'Global Dialogue 2025'. The Indian diaspora in Dubai welcomed Yadav on Sunday upon his arrival at Dubai. In a post on X, he said, 'Indians in Dubai have carved a unique identity through their hard work, culture, and values. Today, during my UAE visit, meeting Indian brothers, sisters, and youth at the Taj Hotel in Dubai has filled my heart with joy. Heartfelt gratitude for all your warmth!' As part of MP Global Dialogue 2025, Yadav received a warm welcome in Dubai from the Indian diaspora, including Jitendra Vaidya, President IPF UAE and was greeted by Satish Kumar Sivan, Consul General of India to Dubai marking the beginning of his UAE visit to promote investment in Madhya Pradesh. CM Yadav is in Dubai for Global Dialogue 2025. In a post on X, the Chief Minister's Office said, 'Under the 'Global Dialogue 2025,' with the aim of promoting investment in Madhya Pradesh, Chief Minister Dr. Mohan Yadav was warmly welcomed and felicitated upon his arrival in Dubai today during his UAE visit.' official visit to Dubai in the UAE and to Spain is scheduled from July 13 to July 19. The aim of his visit is to bring global investment to Madhya Pradesh, encourage technology sharing, and create new job opportunities. In Dubai, he will meet several well-known people to tell them about the strengths of Madhya Pradesh. He will speak about investment, education, and building strong cultural ties between Madhya Pradesh and Dubai. He will also meet members of the Indian community living there. During his visit, Yadav will also visit a temple in Dubai whose foundation stone was laid by Prime Minister Narendra Modi. Apart from this, he will also hold the first international roadshow in Dubai. (ANI)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store