India-Malaysia Current Affairs - 2020

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HAL to set up logistics bases in Vietnam, Malaysia, Indonesia and Sri Lanka

The Hindustan Aeronautics Limited (HAL) is to set up logistics bases in Vietnam, Malaysia, Indonesia and Sri Lanka. This is to entice them towards buying India’s military helicopters and Light Combat Aircraft Tejas.

Highlights

The HAL is working towards increasing defence exports and help India achieve its 5 billion USD defence target. It will also help India achieve its Defence target of Rs 35,000 crores by 2024. Currently India is exporting Defence products of worth Rs 17,000 crores.

The Tejas in particular is being promoted for its high lifespan of 30 years. HAL has identified West Asia, South East Asia and North Africa to sell helicopter Rudra, Tejas and Dhruv.

Role of HAL

HAL has been taking significant roles in boosting Defence Exports. The turn over of the company was Rs 19,705 crores.

What is Logistics?

Logistics is management of information from one place to another. It involves supplies, transportation, packaging, warehousing and social security.

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Malaysian Prime Minister Mahathir Mohammad resigns

On February 24, 2020, the Malaysian Prime Minister Mahathir Mohammad resigned over political issues.

Highlights

The 94-year old Mahathir tried to form a coalition. This move would exclude his successor Anwar Ibrahim. This led to a tussle in the party and eventually the leader resigned. However, he will act as an interim PM.

India and Mahathir

Mr Mahathir was known for his comments on India’s Abrogation of Article 370. At the United Nations General Assembly that was held in September 2019, he commented that India “invaded, occupied” Kashmir. Following this, India slowly stopped importing Palm oil from Malaysia. This hit Malaysian Palm oil market greatly.

Alternately, India is to import Palm oil from Bangladesh.

India-Malaysia

Malaysia is the 19th largest investor of India. There are more than 150,000 Indians living in Malaysia. Following Palm oil, India is to impose curbs over other imports from Malaysia such as micro-processors, telecom products, aluminium ingots, aluminum wire, etc.

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