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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