1/30/2018

INDIA CAMBODIA INFOS


NEW DELHI : India and Cambodia agree to expand ties in IT, infrastructure sectors.

The leaders of India and Cambodia agreed to work toward a bilateral investment treaty that could see tens of millions of dollars pour into the Southeast Asian nation.

The meeting between Cambodian Prime Minister Hun Sen and Indian Prime Minster Narendra Modi saw Cambodia invite Indian investment in-

Information Technology, pharmaceuticals, agriculture and horticulture, infrastructure and small and medium enterprises.

A broader treaty will take time but India agreed to provide lines of credit, including nearly $37 million to finance a Cambodian water project.

India also offered lines of credit for setting up specialty hospitals, expanding road, rail and digital connectivity and construction of high-powered electric line.

A joint statement said Modi also offered to train Cambodian youth in information technology.

Agencies.

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