How will MIDC boost digital trade between Malaysia and India?

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The Malaysia-India Digital Council Will Foster Bilateral Digital Trade Through Collaboration and Expertise Exchange

The Malaysia-India Digital Council (MIDC) is being formalised to drive initiatives in digital trade, technology exchange, and talent mobility between Malaysia and India. The council aims to cultivate an ecosystem that supports shared growth, talent development, and technological advancements by facilitating the exchange of experiences, technical expertise, and policy approaches related to digital technologies. It will also focus on exploring business-to-business partnerships, enhancing collaborations between start-ups and small and medium-sized enterprises (SMEs), and upskilling talent in emerging digital technologies. The inaugural meeting of the MIDC is anticipated in the first half of the year, intended to establish a foundation for concrete programmes and initiatives.
Sharing of Policy and Regulatory Expertise

Malaysia and India will collaborate within the MIDC framework to share their experiences and exchange technical expertise, particularly concerning policy and regulatory approaches for digital technologies. This exchange is intended to foster a more conducive environment for digital trade by aligning or understanding differing frameworks. The council will serve as a platform for both nations to learn from each other's strategies in governing the digital economy.
Encouraging Business-to-Business Partnerships and SME Collaboration

A key objective of the MIDC is to explore and foster business-to-business (B2B) partnerships and collaborations between industry associations from both countries. Furthermore, the council will focus on enhancing cooperative efforts between start-ups and small and medium-sized enterprises (SMEs). These initiatives are designed to create direct channels for digital trade and innovation between businesses in Malaysia and India.
Developing Digital Talent

The MIDC will also address the critical aspect of talent development by focusing on upskilling and reskilling individuals in emerging digital technologies. By building a stronger, more adaptable digital workforce, both nations can better support the growth and expansion of digital trade activities. This focus on talent mobility and development is seen as integral to unlocking the full potential of bilateral digital innovation.

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How will MIDC boost digital trade between Malaysia and India?

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