China bets for the Cambodian textile industry. Several Chinese textile companies have created the Chinese Textile Association in Cambodia (Ctac), with the aim of encouraging Chinese investment in the country.
The organization, which includes Chinese textile companies, including manufacturers and suppliers, provides legal advice to investors who are interested in entering Cambodia. In addition, the Ctac will also promote the contact of Chinese companies with the Cambodian government, according to Khmer Times.
Cham Prasidh, minister of industry and handicrafts of Cambodia said that this organization will become an important partner to boost the textile and clothing industry in the country. “We hope that the association will help attract investment in garments and related industries. We are ready to help and facilitate your investment in Cambodia.”
Cambodia is the eighth largest exporter of clothing and footwear, with annual exports of around 9.2 billion dollars (8.3 billion euros), which represents 78% of the country’s foreign sales.
Courtesy: MDS
The Union Ministry of Textiles on Thursday signed MoUs with 15 States to create a strong operational framework for improving…
Heartland has announced the launch of a new textile business unit in India to increase the use of hemp fabric…
The Saudi Fashion Commission has announced the development of a bio-textile made from marine algae collected from the Red Sea…
The Council of Fashion Designers of America (CFDA) has announced two new initiatives aimed at strengthening fashion manufacturing in the…
The U.S. Cotton Trust Protocol has announced that Next Level Apparel, a supplier of blank apparel, has joined the program…
Harper Hygienics has launched Kindii Water Care, a new range of baby wipes developed to suit the needs of very…