Malaysian conglomerate Sime Darby aims to establish a luxury car retail business in India and expand its presence in Indonesia, according to CEO Jeffri Salim Davidson. He highlighted the significant growth potential in both economies, especially in India, the world s fifth-largest economy. Sime Darby, which already has operations in 17 countries, plans to explore opportunities in India through partnerships.
Sime Darby Bhd, Malaysia’s industrial and automotive conglomerate, is looking to set up a luxury car retail business in India and expand in Indonesia to tap into the growth potential of both economies, its top executive has told Reuters.
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Ramsay Health Care (ASX:RHC) had finally sold its Malaysian and Indonesian hospitals owned in partnership with Malaysian conglomerate Sime Darby to 5.7 billion ringgit or $A1.9 billion.