Home / Knowledge / News / Apparel/Garments / High import bills hits RMG sector
High import bills hits RMG sector
30
Mar '10
Recently, reports have followed from the Ministry of Commerce that, during 2009, Cambodia imported raw materials worth US $1.5 billion, totalling to around 500,000 tonnes, to be used in garment manufacturing.

According to the analysts, owing to scarce availability of raw material locally, which adversely affected the competitiveness, they were required to import raw material in bulk.

Ok Boung, a State Secretary at the Commerce Ministry, stated that as at present, while their garment sector is prospering, at the same time, raw material supply is scarce and thus such imports will have to be continued in future too.

As per the Ministry reports, 415,620 tonnes of fabrics and yarn have been imported from countries like China, Taiwan, Japan and South Korea. Also the government data reveals that, 243 of the factories registered in Cambodia, exported garments worth $2.38 billion during 2009.

Cheat Khemara, an officer of the Garment Manufacturers Association of Cambodia (GMAC), opined that due to import of huge quantity of raw material, Cambodia is losing its cost competitiveness.

He also informed that, at present though such raw material imports have been made tax-free by the government, but still they are incurring higher cost for the same, because they spend considerably towards the transportation costs.

He further said that, they expect of the government to attract and enhance investments in cotton and fabric production in Cambodian factories, thus facilitating production of economical products to compete with those of the neighbouring countries.

Factories manufacturing cloth and thread did exist in Cambodia in 1960, but the sector failed to recoup the effects of the civil war.

Chhen Kimlong, Professor of Economics at Cambodian University, stated that even if Cambodia plans to manufacture these raw materials within the country, lack of technology and expertise are the hindrances which may not allow the production cost to go below the present costs of imports.

Fibre2fashion News Desk - India


Must ReadView All

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Jharcraft in India’s Jharkhand signs MoU with Banka Silk

Textiles | On 24th Feb 2018

Jharcraft in India’s Jharkhand signs MoU with Banka Silk

The Jharkhand Silk Textile and Handicraft Development Corporation...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Sugandha Bhardwaj

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

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

Steve Cole
Xerium Technologies

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

February 2018

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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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