Japan Looking to Invest in Cambodia’s Silk Production

A Japanese company is interested in the investment on Cambodia’s silk production to serve the textile and cosmetic sectors.
The interest was underlined by a delegation of Japan-owned iL BRiLLE led by H.E. Fumiaki Takahashi, President of the Japan-Cambodia Association and Former Ambassador of Japan to Cambodia, in a meeting with H.E. Veng Sakhon, Minister of Agriculture, Forestry and Fisheries in Phnom Penh on Jan. 26.
Noting Cambodia’s potential, the company will invest in the production of silk for the textile sector and process silk product into proteins for cosmetic sector, through the creation of “Cambodia Golden Silk (CGS)” working group, said Mr. Kazunori Kato, CEO of iL BRiLLE.
CGS will bring about many benefits – increase income of rural silk weavers, add value to silk production, create a silkworm breeding and hatching centre, and request to list Khmer silk as a UNESCO’s world heritage, he added.
From his end, H.E. Veng Sakhon welcomed and voiced his firm support for the investment project, stressing it will restore and promote Khmer silk production, reduce imports, create jobs, and provide added value for Cambodian silk.
In addition, he continued, it will not only help ensure the sustainability of silk weaving handicraft, but also enhance the silk weaving tradition.
The minister pledged to cooperate with the firm for the success of the project.

Source: Agency Kampuchea Press

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