CDC approves over $15 mn investment in Cambodian manufacturing

01 Jun '23

1 min read

Pic: Bolito Garment Co, Ltd/Facebook

Insights

The Council for the Development of Cambodia (CDC) has approved investment projects with a total capital of $15.4 million by Bolito Garment, Xin Li An Shoes, and New HM Knitting Clothing.
The new projects will be focusing on clothes and shoe accessories manufacturing.
More than 3,000 jobs for Cambodians are expected to be created as a result.

The Council for the Development of Cambodia (CDC) has granted registration certificates to three new investment projects that necessitate a combined capital of $15.4 million. The projects, which are anticipated to generate over 3,000 jobs, will be implemented by Bolito Garment Co, Ltd, Xin Li An Shoes Co, Ltd, and New HM Knitting Clothing (Cambodia) Co, Ltd.

The CDC announced that Bolito Garment plans to establish a garment tailoring factory in Kandal Province, committing an investment of approximately $3.6 million. The venture is set to create 1,003 jobs, according to the CDC’s statement on its Facebook page.

The second investment project comes from Xin Li An Shoes, intending to set up a shoe accessories factory in Phnom Penh, the capital of Cambodia. With an investment of around $4.1 million, the project will generate around seven jobs.

Lastly, New HM Knitting Clothing (Cambodia) is set to launch a garment tailoring factory in Kampong Speu Province. This project, involving an investment of about $4.1 million, is expected to create 1,211 jobs.

Fibre2Fashion News Desk (NB)

More Apparel/Garments News - Cambodia...