KUALA LUMPUR: The leaders of Malaysia and India held a 30-minute live video teleconference for the first time at the inaugural Asian Business Leaders Conclave here.
In his remarks, Datuk Seri Najib Tun Razak praised Indian Prime Minister Shri Narendra Modi for being a "bold reformist" in bringing change to India.
"I congratulate you for being a bold reformist in which a lesser mortal would have not dare attempted, and I wish you all the success. Indeed, if you are brave enough to do the reforms, you will reap the rewards in due course," he said in during the exchange with Modi here today.
Najib noted that Malaysia and India shared a good friendship and strong economic ties.
"There is great depth and history to the relationship between India and Malaysia. India has been Malaysia's largest export destination in the South Asian region since 1998," he said.
Meanwhile, Modi also praised Najib's leadership and ability to bring transformation to Malaysia, adding that he is confident that that Najib would steer Malaysia toward its goal of achieving developed nation status by 2020.
"I am happy to announce that the constitutional amendment for the Goods and Services Tax has been passed. This is expected to be implemented in 2017," he said.