Cambodia has found favour amongst investors in the Hong Kong textile and clothing sector.
Following the sharp hike in cost of production in China, Hong Kong investors are turning towards Cambodia.
Low cost of production and duty-free access to a few overseas markets are luring these investors, Hiroshi Suzuki – CEO of Business Research Institute for Cambodia said.
This trend could also help attract investments from other countries in the future like China, Korea, Thailand and Taiwan, he added.
Cambodian exports to Hong Kong have also grown more than 90 percent from US $22 million to $42 million in a period of two years.
Meanwhile, according to the Ministry of Commerce figures, exports of garments rose to $4.25 billion last year against $3.4 billion in 2010, up a massive 25 percent.
Fibre2fashion News Desk - India
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