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Cambodia approves 2 projects on garments, accessories worth $11.3 mn
19 Oct '22
1 min read
Pic: Shutterstock
The Council for the Development of Cambodia (CDC) recently approved one project each of J-Star Garment (Cambodia) Co Ltd and K5 Industrial Co Ltd in the Kampong Speu and Kandal provinces respectively. With a total investment of $11.3 million, the two planned projects are expected to generate employment for more than 4,000 people in the zone.
J-Star will invest $5.8 million to set up a garment factory at Angkorong village in the Moha Rusey commune in Kong Pisey district.
K5 Industrial will invest $5.5 million to establish a factory for manufacturing belts and bags at Prek Samrong village in Takmao city of Kandal province, according to Cambodian media reports.
CDC issued final registration certificates for 94 new private investment projects outside special economic zones in the first eight months of this year. It was a year-on-year increase of 19 projects.
Fibre2Fashion News Desk (DS)
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