Home / Knowledge / News / Apparel/Garments / New projects in clothing sector take a hit
New projects in clothing sector take a hit
Jan '10
Against nine new projects approved in November 2008 at an investment of US $126.9 million, just three new projects were approved in the same month of 2009 for a combined investment value of $14.2 million in the garment sector.

The three projects approved include; $8.2 million from Taiwan, which is the largest, $3.5 million from South Korea and $2.5 million from Chinese investors all in the ready-made garment sector.

2009 has proved to be a very depressing year for the Cambodian clothing sector as exports feel by 20 percent year-on-year in 2009, in face of stiff competition from its Asian neighbours like Bangladesh and Vietnam.

An official from Garment Manufacturers Association of Cambodia (GMAC) said, “We welcome new investors into our garment sector, but the number of newly opened factories is small compared to the number of recently closed ones”.

In total the Cambodian government has given go-ahead to $1.64 billion worth of investment proposals in the first eleven months of 2009, against nearly $10 billion worth of new projects approved in the same period of 2008.

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search