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Investors renew interest in Manhattan SEZ
07
Dec '09
A number of investors interested in the Manhattan Special Economic Zone (SEZ) have increased within last few months, which had witnessed a fall at the beginning of the global financial crisis, said Mr. Yu Chao-Kuan, Deputy General Manager of Manhattan International Co, the developer of the SEZ.

Investors, who have again shown interest in this project, are mostly Japanese. The companies associated with the sectors such as transport, garments and pharmaceutical are interested in establishing shop in Chantrea district, Svay Rieng province, SEZ.

At present, there are around six factories at the zone, which exported US $65 million worth goods during first 10 months of the current year, recording a 30 percent rise against the corresponding period of last year, added Mr. Chao-Kuan.

Currently, the companies functioning at the SEZ are engaged in manufacturing bicycles, construction materials, shoes for the European market, plastic foam, chair cushions and plastic bags for the US.

Whereas, a garment factory from Russia, which has purchased land in this zone last year, has put its plans on hold due to recession, informed Mr. Chao-Kuan.

A total of 157 hectares of land has been allocated for the zone. Out of this, development on the first phase of 57 hectares started in 2005, and the factories set up on this area started operations last year. While, development on the second phase of remaining 100 hectares will commence next year, which will accommodate 20 more factories, he added.

Shipments to overseas countries of all factories in the zone are being done through the port in Ho Chi Minh City, in Vietnam.

Fibre2fashion News Desk - India

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