Coherent Identifier About this item: 20.500.12592/q5w6zd

POLICY BRIEF - A new self-reliant India: Priorities and opportunities for

25 November 2021

Summary

Modi’s policy aims This was also the first time the term Atmanirbhar to reduce domestic market access to imports but, Bharat Abhiyaan was used in mainstream Indian at the same time, open the economy and export policymaking, despite “self-reliance” being a to the rest of the world. [...] imports from Malaysia dropped to 46,876 tonnes, PAGE 01 | POLICY BRIEF | A NEW SELF-RELIANT INDIA: PRIORITIES AND OPPORTUNITIES FOR MALAYSIA the lowest since 2011.6 In January 2021, India India Business Council (MIBC), Consortium of imported more than 500,000 tonnes of palm oil Indian Industries in Malaysia (CIIM); and the High from Malaysia out of its overall edible oil imports of Commission of I. [...] With this, the production of crude palm oil (CPO) is expected to go up to 1.12 million The idea is to capitalise on structures that are tonnes by 2025–2026 and up to 2.8 million tonnes unique and indigenous to the Malaysia-India by 2029–2030.9 relationship. [...] ABA is compatible with Malaysia’s focus on cultural diplomacy through the new foreign For Malaysia and India, the gradual unfolding of policy framework and the need to revitalise this 10 ABA should be an opportunity to revisit the current sector in the country. [...] This should be taken as an opportunity to automatic route in the textile and apparel diversify India-Malaysian relations and capitalise on sector.11 As for the toymaking industry, this structures and systems unique and indigenous to is where Malaysia and India can kickstart a joint the relationship.

Pages
3