Date:09/12/2007 URL: http://www.thehindubusinessline.com/2007/12/09/stories/2007120951440300.htm

Back Cambodian PM invites Indian investment

Mr Hun Sen, Prime Minister of Cambodia

Our Bureau

New Delhi, Dec 8 Mr Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, on Saturday invited Indian investment for “economic take-off and transformation in Cambodia”.

At a business meeting organised jointly by the Confederation of Indian Industry (CII), The Associated Chambers of Commerce and Industry of India (Assocham) and Federation of Indian Chambers of Commerce and Industry (FICCI), Mr Hun Sen said The Royal Government of Cambodia is supportive of the private sector and has created a favourable environment for the private sector to protect their investments and business activities in Cambodia.

“The Royal Government of Cambodia promotes private participation in provision of infrastructures, provides national treatment and allows free movement of capital and foreign exchange,” said Mr Hun Sen.

The foreign investor can do business with or without Cambodian partners and can decide on the level of equity, he added.

Dr Shakeel Ahmed, Minister of State for Communications and Information Technology, Government of India said both India and Cambodia have a 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 programmes of the Royal Government of Cambodia, he said.