Cambodia approves 4 garment, 3 travel goods projects

06 Feb '20

1 min read

Pic: Shutterstock

The Council for the Development of Cambodia (CDC) approved four garment and three travel goods projects in January, with investments totalling $33.4 million. The European Union (EU) is scheduled to decide whether to keep or withdraw its Everything But Arms (EBA) scheme for Cambodia on February 12. The country is expected to lose attractiveness for investors if EBA is withdrawn.

The garment projects are Sun Awesome Garment Co Ltd in Kampong Cham province’s Kabbas village in Prey Chhor district; Kniteracy (Asia) Company Limited in Kandal province’s Prey Khla village in Ang Snuol district; KY Odyssey Garment Co Ltd in Kampong Speu’s Trav village in Kong Pisei district’s Teuk La’ak commune, and King Lian (Cambodia) Garment Factory Co Ltd in Kampong Speu province’s Boss Ta Nai village in Samrong Tong district, according to a report in a Cambodian newspaper.

The three travel goods projects are Famous Leatherware (Cambodia) Co Ltd in Phnom Penh’s Tuol Roka village in Meanchey district; Xin Hak Muy Make Clothes Assist Material Co Ltd in Phnom Penh’s Prek Kampoes village in Dangkor district, and Kimbao Bag Industry Co Ltd in Kandal province’s Trapaing Krapoeu village in Ang Snuol district.

Fibre2Fashion News Desk (DS)

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