Cambodia (Commodity Online) -- Cambodia has opened up its rubber belts for foreign investments. Investors are offering generous concessions for rubber business in the country. It is certainly good news for Indian planters who are facing a severe shortage of suitable land for expanding rubber cultivation. Today Cambodia is striving hard to be among the most happening of Asian countries pinning its hopes on the high potential agriculture sector of the country blessed with vast stretches of fertile soil, enough water, copious rains and an enterprising young generation. Rubber tops the priority list of the government, obviously because of the fact that the red soil of Cambodia is ideal for growing rubber, which has been witnessing an unabated boom in recent years. Moreover the country's close proximity to China, which has recently emerged as the world's largest consumer of rubber replacing the US seems to be the driving factor for the government's hard selling efforts focused on rubber. Not surprisingly, the historic Cambodian capital of Phnom Penh played host to the 4th ASEAN Rubber Conference, one of the world's major rubber events last month. There was a significant Indian presence at the conference attended by over 450 delegates from across the globe.
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