A buyer-seller meeting has been organised by the Confederation of Indian Industry (CII) and the Ministry of Commerce (MoC) of Cambodia with the goals of addressing tariff issues, fostering better trade relations, and investigating potential prospects in the textile industry.
Ok Boung, the Secretary of State of the MoC, and Vanlalvawna Bawitlung, the Indian Ambassador to Cambodia, presided over the CII-Government of Tamil Nadu Textile Buyer – Seller Meet & Product Showcase event in Phnom Penh.
Representatives from the yarn and fabric sectors attended the event, which was planned to investigate possible commercial prospects in Cambodia’s textile industry.
The MoC Secretary emphasised during the event that Cambodia must turn obstacles into opportunities, boost its competitiveness, integrate into regional and global supply chains, enter new markets, improve its competitiveness, boost production capacity, link to global value chains, and draw investment to developing industries.
Known for its journey from fibre to fabric, Tamil Nadu is home to multiple textile clusters and is the country’s largest exporter of ready-made clothes, according to remarks made by R Lalitha, IAS, Director of Textiles for the Government of Tamil Nadu.
In attendance were Nandha Gopal, Investment Facilitator Guidance of Tamil Nadu; Albert Tab, Executive Committee Member of TAFTAC; and Richhpal Singh, Counsellor (Political & Commerce) of the Indian Embassy in Phnom Penh.
Aiming to improve international business ties and promote textile industry growth, Indian sellers actively sought buyers and partners for cooperative textile manufacturing partnerships between India and Cambodia in response to current global uncertainties and climatic challenges.
