Скачать или смотреть 5thIndia-CLMV Business Conclave held atPhnom Penh, Cambodia

5thIndia-CLMV Business Conclave held At phtOn
Penh, Cambodia
The 5th India
-CLMV
(Cambodia, La PDR,
Myanmar and Vietnam)
Business Conclave was held at
Phnom Penh, Cambodia. It
was jointly organised by
Ministry of Commerce & Industry along with
Ministry of Commerce of Cambodia. The
Confederation of Indian Industry (CII) is
institutional partner of the event.
Key Facts

The business conclave provided opportunity for
developing better understanding of CLMV
economies which have untapped potential for
development and offer more scope for
enhancement of economic engagement with India.
lt saw participation of ministerial and business
delegations from India, Cambodia, Myanmar,
Vietnam and Laos consisting of about 400
delegates.
The conclave called for collaboration of CLMV
countries and India on agriculture, health, tourism
education and connectivity to promote regional
integration and creation of value chain and
emphasised need for strengthening India-CLMV
business and trade relations.
The sessions of conclave focussed on sectors such
as SME, manufacturing, agriculture, plantation,
fisheries and related industries, healthcare,
education, information technology and skill
development. It also highlighted need for greater
connectivity, promoting small and medium
enterprises, harnessing opportunities in service
sector especially health care, tourism,
transportation and logistics. It also stressed upon
need to promote productivity and value addition in
agriculture to address livelihood and employment
issues.
India proposed setting up of India-Cambodia
Chamber of commerce with institutional
partnership between CII and Cambodian Chamber
of Commerce. Such similar bilateral business
forums will be also setup in Vietnam and Laos to
institutionalize bilateral business to business
engagements of India with each of CLMV
countries.
Background

CLMV region is considered as India's gateway to
entire ASEAN and provides access to huge markets
of these countries. These four countries represents
rapidly growing economy with rising consumption,
strategic location and access, rich natural
resources (oil, gas, copper, teak and gemstones),
biodiversity and industrious workforce with low
wages. They also offer significant opportunities for
trade in goods and services, investment and project
exports. India seeks to invest in CLMV countries
(which are part of 10-member ASEAN group) to
take advantage of free trade agreements they have
with various countries such as China.