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

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

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...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search