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Investors return to the apparel sector
15
Jun '10
As per the Garment Manufacturers Association of Cambodia (GMAC), the four investments accepted by the Council for Development of Cambodia (CDC) in May were within the apparel industry, thereby, pointing at the return of investors' confidence in the sector.

Last month, the value of CDC-accepted investment projects in the Kingdom, summed up to US $18.67 million, witnessing a rise of 61.3 percent over the same month, May, figures recorded last year which stood at $11.57 million.

Projects approved in May comprise of construction of new apparel firms and are funded by companies based in Thailand, South Korea, Taiwan and China. This indicates an improvement of the apparel sector as against last year.

During the last five months of 2010, $45.63 million worth of investments have been accepted for the apparel sector. But the fund inflows have differed per month, for instance, it was $2 million in January, $4.35 million in February, in March funds received were $11.09 million, April recorded $9.52 million and $18.67 million was received in May.

Fibre2Fashion News Desk - India

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