Cambodia invites Indian investments in agri, IT, infra

Cambodia has invited Indian investments in agriculture, IT and infrastructure saying its liberal policy structure allows foreign firms to independently conduct business at lower cost, trade between India and Cambodia currently stands at US$ 50 mnwhich mainly comprises Indian exports.
"We have adopted a liberal policy structure for economic development. We provide national treatment to foreign firms under which they enjoy the same rights as domestic investors,"

Cambodian Prime Minister Hun Sen said at a session organised by apex industry chambers at New Delhi on Saturday.
Sen is on a four-day visit to India starting Saturday.
Firms can set shop in Cambodia on their own and need not partner with a local company to commence operations, he said, adding that Cambodia promotes private participation in industrial and services sector to generate economic growth.
In case of local participation, the foreign investor can choose the level of equity it wants to hold, he added.
"There is a huge potential for Indian firms to invest in sectors such as agriculture, food processing, tourism, mining, manufacturing, services and natural resources," he said.
Sen, further said his country has streamlined procedure to facilitate private investment in key sectors besides reducing cost of doing business.
Cambodia is keen to attract as much foreign direct investment as possible from countries like India. This is important for the development of Cambodia, he said.