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Cambodia's CDC permits IGTM to set up garment factory
27 Jul '20
1 min read
Pic: I Love Coffee dot Today / Shutterstock.com
The Council for the Development of Cambodia (CDC) has given permission to IGTM (Cambodia) Co Ltd to set up a new garment factory, a CDC release said. The new factory will be set up in Sambo village of Dangkor district in the western part of the Phnom Penh municipality at a cost of $2.1 million.
The new investment shows confidence of foreign investors in Cambodia's macroeconomic, political and social stability, during the COVID-19 crisis, the CDC said.
The new IGTM factory is likely to provide employment to nearly 400 people, the CDC added.
Fibre2Fashion News Desk (RKS)
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