Home / Knowledge / News / Apparel/Garments / Wake up call for country's garment industries
Wake up call for country's garment industries
18
Jun '09
Government bureaucracy and industrial unrest, which have already cost the country at least one major investor, are crippling Cambodia's garment sector, said the chairman of the Cambodia Skills Development Centre (CSDC), Mr. David Van.

While speaking at a major industry conference he said that the garment industries in Cambodia are in danger and need immediate collaborative efforts for survival.

A major Japanese manufacturer has recently decided to make a $50 million investment in Bangladesh rather than in Cambodia. Mr. Van cited this decision as a 'wake up call for Cambodia's garment industries'.

He also urged the government, private sector and unions to work together for the survival of the garment sector of the country.

Frequent strikes as well as excessive time taken to clear shipments in Cambodia are the major reasons for such kind of a decision of the Japanese company, said Mr. Van. Compared to other countries in the region, import-export clearance in Cambodia is still very slow that takes three to four days to clear one shipment, he added.

According to the World Bank, in Cambodia it takes 4.3 days on average to clear a shipment for export and 5.1 days to clear imports, while informal charges are also common. Garment exports of the country have experienced a 26.41 percent y-o-y decline in the first quarter to US$534.64 million.

The conference was held against this backdrop and was organized by the CSDC in association with GMAC and USAID's Micro, Small and Medium Enterprise/Business Enabling Environment project.

The quarterly contraction in 2009 came after garment exports grew just 3.33 percent to $2.93 billion in 2008 after achieving a consistent growth of over 25 percent per annum since 1998. Garment manufacturing, accounted for 12 percent of 2007 GDP and also 72 percent of total merchandise exports.

According to GMAC, foreign investment has been the major driver of growth, with more than 90 percent of garment manufacturing companies in Cambodia owned by foreign investors.

Fibre2fashion News Desk - India


Must ReadView All

Decision in UK budget to attract investment in retail: BRC

Textiles | On 24th Nov 2017

Decision in UK budget to attract investment in retail: BRC

British finance minister Philip Hammond’s announcement in his budget...

Courtesy: Shangdong Ruyi

Textiles | On 24th Nov 2017

Shangdong Ruyi to acquire major stake in Bagir

Shangdong Ruyi Technology Group Ltd, one of the leading Asian global...

Chinese e-commerce firm JD.com invests $44 mn in Tiki.vn

Apparel/Garments | On 24th Nov 2017

Chinese e-commerce firm JD.com invests $44 mn in Tiki.vn

Chinese e-commerce firm JD.com has invested $44 million in Tiki.vn, a ...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search