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2012-12-10

Indian SMEs should increase ties with counterparts in Cambodia: CII

In a bid to strengthen economic ties with Cambodia, a south-east country in Asia, Dinesh Patnaik, Ambassador of India in Cambodia, has said that Indian SMEs should increase cooperation with its counterparts in Cambodia to enhance economic engagement betwe

In a bid to strengthen economic ties with Cambodia, a south-east country in Asia, Dinesh Patnaik, Ambassador of India in Cambodia, has said that Indian SMEs should increase cooperation with its counterparts in Cambodia to enhance economic engagement between the countries. He was speaking at the Business Marker event -Small Business - Big Opportunities, in Phnom Penh, Cambodia.

In a statement quoting Patnaik, Industry body CII said, “The time is right for the Indian SMEs to look at Cambodia as its key partner for accessing the ASEAN (Association of Southeast Asian Nations) market, as well as be a part of Cambodian growth story.”

CII said that businessmen of the two countries can boost cooperation in areas like agro-industries, food processing, sea food, hand and machine tools, IT education, auto components, logistics, packaging, railway equipment and construction.

Cambodia is a member of Association of South East Asian Nations (ASEAN) with which India has implemented a free trade agreement in goods.

The bilateral trade between India and Cambodia stood at $107 million in 2011-12.

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