India Eying Investment in Four Sectors in Cambodia

Science and technology, tourism, infrastructure (road, rail, bridge), and agro-industry are the four key sectors that India is eying for investment in Cambodia to further strengthen and expand the economic cooperation and trade ties between both countries.

The investment plan was unveiled by Mr. Sandip Somany, President of Federation of Indian Chambers of Commerce and Industry (FICCI), while meeting with Cambodian Minister of Commerce H.E. Pan Sorasak, in New Delhi India recently, on the sidelines of the 4th India-ASEAN Expo and Summit, according to a news release of Ministry of Commerce.

Mr. Sandip Somany informed H.E. Minister of trade relations and investment between India and ASEAN member countries and visions of the Government of India to expand economic and commercial cooperation with Cambodia whose volume is still limited compared to that of other countries in the region.

H.E. Pan Sorasak welcomed the above said investment plan and briefed the Indian side on Cambodia's favorable geographical location, the Royal Government's open policy, investment incentives and Industrial Development Policy 2015-2025 aiming to transform Cambodia from a labour-intensive country to skill-based country by 2030.

H.E. Minister also informed the Indian side of the potentials in agriculture and agro-industry, and requested Mr. Sandip Somany to encourage Indian businessmen to invest in processing Cambodia's agricultural products for export to India and for local and global supply. Moreover, he called for direct flight from India to Cambodia to promote the fields of tourism and culture and business cooperation between both countries.

Source: Agency Kampuchea Press