Photo by: Sovan Philong
Farmers head back from the field with paddy in Kampong Cham.
Indian rice exporter Amira Group plans to invest up to US$40 million in Cambodia’s rice sector, believing the Kingdom to be a global grain goldmine.
New Delhi-based Amira Group executive director Protik Guha said the company was looking to put between US$30 million and $40 million towards setting up a rice-processing plant in the Kingdom – its first outside India – and acquiring 25,000 hectares of agricultural land.
“Cambodia is the future of rice in the world,” he told The Post.
“It has abundant paddy in terms of land, and it [the investment] makes sense with the duty concessions available for export.”
He made note of Cambodia’s recognition of the ASEAN free trade area and the ASEAN- Australia-New Zealand free-trade agreement.
Kith Seng, under secretary of state at the Ministry of Agriculture, Forestry and Fisheries, said he had not received any information relating to Amira’s plans, but that agricultural investment was welcome....read the full story in tomorrow’s Phnom Penh Post or see the updated story online from 3PM UTC/GMT +7 hours.
New Delhi-based Amira Group executive director Protik Guha said the company was looking to put between US$30 million and $40 million towards setting up a rice-processing plant in the Kingdom – its first outside India – and acquiring 25,000 hectares of agricultural land.
“Cambodia is the future of rice in the world,” he told The Post.
“It has abundant paddy in terms of land, and it [the investment] makes sense with the duty concessions available for export.”
He made note of Cambodia’s recognition of the ASEAN free trade area and the ASEAN- Australia-New Zealand free-trade agreement.
Kith Seng, under secretary of state at the Ministry of Agriculture, Forestry and Fisheries, said he had not received any information relating to Amira’s plans, but that agricultural investment was welcome....read the full story in tomorrow’s Phnom Penh Post or see the updated story online from 3PM UTC/GMT +7 hours.
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