BSN Stock PhotoSubmitted by davidpar
March 23, 2009
For years, Cambodia has lived under the shadows of its economically superior neighbours—Malaysia and Thailand. This Southeast Asian country has made a gradual transition from an agro-based economy to an emerging manufacturing hub of Asia.
Its open economy, investment-friendly environment and unexploited commercial avenues are attracting the Indian SMEs to explore business opportunities in this largely untapped market.
View of the past…
In the 1990s, Cambodia initiated efforts to promote industrialisation across sectors. This strategic move however received a major jolt in 1997-98 when the Cambodian economy went through its worst crisis. Economic activity in the country plunged to a record low and prospects of achieving financial prosperity became bleak.
March 23, 2009
For years, Cambodia has lived under the shadows of its economically superior neighbours—Malaysia and Thailand. This Southeast Asian country has made a gradual transition from an agro-based economy to an emerging manufacturing hub of Asia.
Its open economy, investment-friendly environment and unexploited commercial avenues are attracting the Indian SMEs to explore business opportunities in this largely untapped market.
View of the past…
In the 1990s, Cambodia initiated efforts to promote industrialisation across sectors. This strategic move however received a major jolt in 1997-98 when the Cambodian economy went through its worst crisis. Economic activity in the country plunged to a record low and prospects of achieving financial prosperity became bleak.
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