Cambodia is attracting new garment manufacturing investments.
The Cambodia Investment Board (CIB), a division of the Council for the Development of Cambodia (CDC), has granted five companies with investment plan registration certificates, according to a CDC Facebook post. The firms—including four in the garment and accessories sector—will collectively invest approximately $52.2 million to set up factories throughout the country and create nearly 14,000 jobs.
Taral International Co. got the green light to invest roughly $26.6 million into a garment factory in the Kong Pisey district of the Kampong Speu province that’s expected to generate over 6,700 jobs. Super Knitting (Cambodia) Co. was approved to build a factory making socks, gloves, knitted shirts and other garments in the Bati district of the Takeo province. With an investment of about $6.6 million, the factory can create over 3,000 jobs.
In full: https://www.yahoo.com/lifestyle/cambodia-approves-over-50-million-150133406.html
