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Business

Malaysia woos Indian investors with infrastructure projects

Sime Darby, MMC Corp. and Adani Group planning $32 billion port city

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Malaysian Prime Minister Najib Razak, left, and his Indian counterpart, Narendra Modi, wave to the press before their meeting at Hyderabad House, in New Delhi, on April 1.   © Reuters

KUALA LUMPUR -- Malaysia is seeking investment from Indian companies as part of the Southeast Asian country's ongoing efforts to diversify its economy away from commodities. One high-profile project related to that push involves the planned construction of an integrated port and city by partners from both countries.

Malaysian Prime Minister Najib Razak, who is on a working visit to India, told investors in New Delhi on Monday to seize opportunities in his country, touting its diverse economy and large population of overseas Indians -- the world's highest.

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