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Handshake.9.Thmb.jpg 'Cambodia best ASEAN market for Indian SMEs'

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SME Times News Bureau | 10 Dec, 2012
Cambodia has recorded a growth rate of 10 percent since the last 10 years, and the  time is right for the Indian small and medium enterprises (SMEs) to look at Cambodia as its key partner for  accessing the ASEAN marke, Ambassador of India in Cambodia, Dinesh Patnaik said recently.

Speaking at the Business Marker event - Small Business- Big  Opportunities, in Phnom Penh, Cambodia, Patnaik viewed that Indian SMEs should look at the opportunity to be a part of Cambodian growth story.

The Business marker event was organised jointly by the FASMEC and the  Embassy of India, in Cambodia, earlier today. It coincides with the visit  of the SME Delegation to Cambodia and the second edition of the ASEAN-India Car Rally in 26 November-20 December 2012, organized jointly by CII along  with the Ministry of External Affairs, Government of India.

Addressing the Business Marker event, Phok Sovannarith, Secretary of  State, Ministry of Industry, Mines & Energy said that the India Cambodia  relationship is based on mutual respect and cooperation.

Seeking support  and cooperation of the SMEs from India, he mentioned that the Cambodian  SMEs look upto the India to study their best practices and develop a  globally competitive Cambodian Enterprises.

K K M Kutty, Leader of the CII SME delegation to Cambodia and Past  Chairman, of the CII National MSME Council, earlier reiterated CIIs  commitment to guide the Enterprise to Enterprise cooperation, between  India and Cambodia.

SME represent a good low-investment high-return  opportunity for Cambodian SME, who can source niche products from India.  Indian SMEs are flexible, reliable, quality conscious, and adaptable.  Intellectual property rights are well-respected in India as well, he added.

Earlier, speaking on the occasion, President of the Federation of  Association for Small and Medium Enterprises of Cambodia (FASMEC), Oknha Te Taing Por, mentioned that for Cambodian enterprises, it is useful seek  cooperation with the Indian SMEs, as there are many sectoral synergies  between the two sides.

The highlights of the Business marker event were the two (2) MoUs signed by  CII with – FIRST, Federation of Association for Small and Medium  Enterprises of Cambodia (FASMEC); & SECOND, Indian Chamber of Commerce (ICC).The institutional arrangement between CII & FASMEC and between CII & ICC, will enable the growth of trade and commerce between India and  Cambodia.

In addition, the Business marker event  focussed on Women Entrepreneurship,  by bringing together the Women Entrepreneurs from India and Cambodia. This  underlines the vital role assumed by the Women Entrepreneurs for the
 development of national economies in both the nations.

During the discussions at the Business marker, opportunities in the  following sectors were stressed upon, between India and Cambodia in the SME  domain : Agro-industries, Agricultural equipments, Rice Mills and  equipments, Food Processing, Sea Food, Hand and Machine Tools, Industrial  Vocational Training / IT education / Engg & Medical, Textiles, Auto  components, Logistics, Packaging and Railway equipment & construction /  consultancy and Construction material.

It is envisaged that the visit of the CII SME delegation to Cambodia will  lead to cooperation in FOUR key areas : 1.) Capacity building 2.) Database  Management 3.) Exchange of SME delegations and visit to Trade Fairs; & 4.)  Collaborations with the CII Center for Excellence (CoEs) for R & D and  Testing facilities. These would facilitate the enhancement of competencies  of the Cambodian Enterprises through Joint Ventures and Technology  transfers.

India and Cambodia enjoy strong and warm relations based on ancient  civilisation bonds. Hindu and Buddhist linkages go back to the 4th century,  and Cambodia’s famous Angkor Vat temple complex and other major sites are  living testimony to these early contacts, according to CII.
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Narendra Joshi | Thu Dec 13 09:16:34 2012
The whole message is very encouraging. Thanks .

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