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2 MoUs to make India silk products get wider market access in Cambodia

24 May '22

1 min read

Pic: Shutterstock

Indian silk items will now have a wider market in Cambodia as the Indian Chamber of Commerce in Cambodia and the Cambodian Women’s Entrepreneurs Association recently signed two memoranda of understanding (MoUs) with a delegation of the Indian Silk Export Promotion Council (ISEPC) during the Mega Silk Exhibition and buyer-seller meet-cum-display of Indian products.

The MoUs were signed for close cooperation and sharing of information regarding investment, trade, maintaining quality standards, technology transfer, sharing of market intelligence, economic cooperation and participation of members of either side in fairs and exhibitions.

The exhibition was inaugurated by Indian ambassador to Cambodia Devyani Khobragade.

A vast collection of silk and other allied silk products including silk carpet miniatures and jewelled silk carpets were on display at the exhibition.

Over thirty Indian silk exporters held discussions with more than two hundred potential buyers from Cambodia during the buyer-seller meet, according to a Cambodian newspaper report.

While making Indian silk products increasingly competitive in the growing market, the MoUs will help Cambodian entrepreneurs and silk textile merchants expand and diversify their businesses, said a press release by ISEPC.

Fibre2Fashion News Desk (DS)

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