COSTLY ELECTRICITY AND LOW SKILLS HINDER TEXTILE GROWTH IN CAMBODIA: WORLD BANK EXPERT
October 1st, 2014
CAMBODIA’S “high cost of electricity - the third highest in south-east Asia after Singapore and Myanmar - along with low skills are keeping the country away from producing textiles”, the World Bank chief economist for the east Asia and the Pacific region, Sudhir Shetty has told WTiN.“Textile production, especially textiles and yarn is more capital and scale intensive and demands higher worker skills,” high power bills and low skills are deterring investors, Mr Shetty said. The resulting inability to produce textile has made Cambodia’s thriving ...
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