DPA
New Delhi - Cambodian Prime Minister Samdech Hun Sen on Saturday invited Indian investment for "economic take-off and transformation in Cambodia". Addressing leaders of Indian chambers and industries Hun Sen said, "The Royal Government of Cambodia is supportive of the private sector, and has created a favourable environment for this sector to protect their investments and business activities in Cambodia."
The prime minister, who is on a four-day visit to India, said there was potential for Indian foreign direct investment in agriculture, labour intensive industries, processing, tourism, mining, and some other sections of manufacturing and services.
The investment from India can enable "economic take-off and transformation in Cambodia", said Hun Sen, who is accompanied by a 12-member delegation including five ministers.
India's Minister of State for Communications and Information Technology Dr Shakeel Ahmed, said that, "India and Cambodia have young population who can contribute to the technological development and growth of the two countries."
"Indian IT companies have significant presence in Cambodia and can further initiate the ICT (Information Communication Telecommunication) programmes of the Royal Government of Cambodia," said Ahmed.
The balance of trade between the two countries is 16.5 million dollars, with India exporting goods and services worth 16.7 million dollars and importing goods and services worth 20,000 dollars in 2005-06.
New products and services should be identified to enhance bilateral trade ties, said Chairman, Federation of Indian Chambers of Commerce and Industry, D Datta.
Indian business leaders supported co-operation in biotechnology, bio-informatics, broadcasting, communication, education, human resources and skill development.
Hun Sen, who arrived in India on Friday, was given a ceremonial reception on Saturday, which was followed by a meeting with India's Minister of External Affairs, Pranab Mukherjee, President Pratibha Patil and Vice President Hamid Ansari.
The Cambodian prime minister is scheduled to meet Indian Prime Minister Manmohan Singh today and the two sides are expected to sign several agreements aimed at enhancing bilateral cooperation.
He is scheduled to leave for the southern city of Hyderabad on Sunday where he will visit the National Institute of Rural Development and an information technology centre.
Hun Sen's earlier visit to India in July was abruptly terminated when the country went into state mourning after the death of former prime minister Chandra Shekhar.
The prime minister, who is on a four-day visit to India, said there was potential for Indian foreign direct investment in agriculture, labour intensive industries, processing, tourism, mining, and some other sections of manufacturing and services.
The investment from India can enable "economic take-off and transformation in Cambodia", said Hun Sen, who is accompanied by a 12-member delegation including five ministers.
India's Minister of State for Communications and Information Technology Dr Shakeel Ahmed, said that, "India and Cambodia have young population who can contribute to the technological development and growth of the two countries."
"Indian IT companies have significant presence in Cambodia and can further initiate the ICT (Information Communication Telecommunication) programmes of the Royal Government of Cambodia," said Ahmed.
The balance of trade between the two countries is 16.5 million dollars, with India exporting goods and services worth 16.7 million dollars and importing goods and services worth 20,000 dollars in 2005-06.
New products and services should be identified to enhance bilateral trade ties, said Chairman, Federation of Indian Chambers of Commerce and Industry, D Datta.
Indian business leaders supported co-operation in biotechnology, bio-informatics, broadcasting, communication, education, human resources and skill development.
Hun Sen, who arrived in India on Friday, was given a ceremonial reception on Saturday, which was followed by a meeting with India's Minister of External Affairs, Pranab Mukherjee, President Pratibha Patil and Vice President Hamid Ansari.
The Cambodian prime minister is scheduled to meet Indian Prime Minister Manmohan Singh today and the two sides are expected to sign several agreements aimed at enhancing bilateral cooperation.
He is scheduled to leave for the southern city of Hyderabad on Sunday where he will visit the National Institute of Rural Development and an information technology centre.
Hun Sen's earlier visit to India in July was abruptly terminated when the country went into state mourning after the death of former prime minister Chandra Shekhar.
1 comment:
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