India seeks closer trade ties with Cambodia | SupportBiz

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India seeks closer trade ties with Cambodia

India's Ambassador Dinesh K Patnaik pledged to urge Indian airlines to operate direct flights to Cambodia in order to boost bilateral relations in trade, investment and tourism. The ambassador made the remarks during a meeting with Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong.

He said that in his diplomatic term, he would do his best to encourage Indian investors to do business here in rice mills, tourism and mining.

Hor Namhong said that Cambodia and India have had a good and long-standing diplomatic relation, and expressed hope that the ambassador's mission would deepen the bilateral ties.

The relations in trade, investment and tourism between Cambodia and India are still relatively small.

According to Koy Kuong, spokesperson for Cambodia's Foreign Affairs Ministry, the two-way trade volume last year was USD86 million, up by 43 percent from a year earlier.

In terms of investment, the country last year received only USD6.3 million from India in a single project of rice-processing factory, whilst in tourism, some 15,000 Indians travelled to Cambodia, up by 15 percent.