India To Make Cambodia a Food Production Centre for Export

India is interested in making Cambodia a big food production centre for export to its partner countries while Indian products made in Cambodia for export have been widely recognised.

The information was shared here yesterday by Oknha Lim Heng, Vice President of Cambodia Chamber of Commerce (CCC), after the 5th India-CLMV Business Conclave, held at Sokha Phnom Penh Hotel from May 21 to 22.

He attributed this investment plan to the good market opportunities and favorable investment law in Cambodia as well as the Kingdom's rich in human resources along with reasonable cost of labor, better transportation system and the government 's efforts to lower the electricity costs to ease production.

Minister of Commerce H.E. Pan Sorasak pointed out that Cambodia will gain a lot of advantages from the India-CLMV Business Conclave as India wants to boost investments in the sectors of trade, industry, agriculture, and services.

After the meeting, he added, Cambodian investors and those of India-CLMV will cooperate in investing in various domains, of which agriculture is the prioritised field.

By early 2017, the two-way trade between Cambodia and India was recorded at around US$100 million. The Kingdom welcomed some 46,000 Indian tourists last year.

Source: Agency Kampuchea Press