The Ministry of Commerce yesterday called on local firms and investors to join the India-Asean Expo in late February to expand their networks in the world’s sixth largest economy.
The ministry urged local companies to book space in the exhibition to showcase the country’s produce and find new business partners.
“The Ministry of Commerce would like to inform traders, businessmen, and the general public that Cambodia will attend the 4th India-Asean Expo in India.
“In this trade event, Cambodia will set up the Cambodia National Pavilion and commercial booths, and will attend a summit and trade promotion activities to enhance trade and investment cooperation with India and with Asean,” the announcement read.
“All traders and businessmen interested are encouraged to apply by submitting their projects to the Department of Exhibition Affairs of the General Directorate of Trade Promotion,” it noted.
Manika Jain, the Indian Ambassador to Cambodia, recently told Khmer Times that Indian firms see great potential in the Cambodian market, with a growing number of Indian businessmen and investors coming here to form ventures with the local companies.
“I would like to say that Cambodia is a growing market with a young and ambitious population and a stable government with investor-friendly policies,” the Ambassador said.
“The biggest advantage is its open and dollarised economy with a level playing field for all foreign investors,” she said, adding that Cambodia’s geographic location was also a great advantage.
Ms Jain highlighted the rapidly expanding healthcare sector and called on Indians in the pharmaceutical industry to consider entering the local market.
“We encourage Indian businesses to invest in the healthcare industry. A study was conducted by EXIM Bank of India to guide Indian entrepreneurs wishing to penetrate the healthcare sector in Cambodia.
“The results of the study are encouraging as we have already seen various hospitals and healthcare providers from India talking to Cambodia firms in the industry,” she added.
The fourth edition of the India-Asean Expo and Summit will take place on Feb 21-23 in New Delhi.