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Registered garment factories up 8% in Cambodia
07
Jul '14
The number of registered garment manufacturing factories in Cambodia increased by 8 percent at the end of June 2014 to reach 1,200, compared to the number of registered apparel factories at the end of last year, The Phnom Penh Post reports citing data from the Ministry of Industry and Handicraft.
 
As per the report released by the Ministry, the number of people employed in Cambodia’s garment industry at the end of June 2014 stood at 733,000, which is 8.22 percent increase over 677,600 people employed at the end of 2013.
 
The growth in number of both registered clothing factories as well as the number of people employed is a good sign for the industry, according to the Ministry.
 
Meanwhile, Ken Loo, secretary-general of the Garment Manufacturers Association in Cambodia (GMAC) said that the association’s membership has increased this year, but the rate of growth in membership is slower compared to last year.
 
According to GMAC data, the exports of garments and textiles from Cambodia grew by 8.98 percent to US$ 1.173 billion in the first three months of the current year, compared to exports of $1.076 billion made during the same period last year.
 
In recent years, Cambodia’s apparel and textile exports have grown in leaps and bounds. From an earning of mere $1.156 billion from clothing and textile exports in 2001, the figure grew to $2.19 billion in 2005, $3.008 billion in 2010, and $4.047 billion in 2011.
 
Last year, Cambodia’s clothing and textile exports increased by 11.71 percent to $4.966 billion, as against exports of $4.445 billion made in 2012, as per GMAC data.
 

Fibre2fashion News Desk - India

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