CAMBODIA COULD DOUBLE GARMENT EXPORTS IF BACKED BY LOCAL TEXTILE PRODUCTION: GMAC
April 14th, 2014
CAMBODIA’S thriving garment industry could double its exports if the country’s local textile production is ramped up, Garment Manufacturers Association of Cambodia (GMAC) chairman Van Sou Ieng has told WTiN.“The industry could expect an increase in export figures by 100%” if local textile and yarn production was expanded, Mr Ieng said.Cambodia’s garment exports grew by an impressive 20% in 2013 to USD5.52 billion from USD4.61 billion in 2012. But the lack of local textile and yarn production is hindering this growth.The industry is heavily dependent on ...
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