Monday, December 10, 2012

CII urges Indian SMEs to boost ties with Cambodian counterparts

The Hindu Businessline

Indian SMEs should increase cooperation with its counterparts in Cambodia, a south-east Asian nation, to enhance economic engagement between the countries, Ambassador of India in Cambodia Dinesh Patnaik said.

“The time is right for the Indian SMEs to look at Cambodia as its key partner for accessing the ASEAN market, as well as be a part of Cambodian growth story,” industry body CII said in a statement quoting Patnaik.

He was speaking at the Business Marker event — Small Business — Big Opportunities, in Phnom Penh, Cambodia.

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

CII is taking a SME delegation to Cambodia.

The chamber said that businessmen of both the countries can increase cooperation in sectors like agro-industries, food processing, sea food, hand and machine tools, IT education, auto components, logistics, packaging, railway equipment and construction.

The bilateral trade between the countries stood at $107 million in 2011-12.

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