Knowledge & News Network | 29 January 2018
India-Cambodia deliberates on financial support in agriculture, pharmaceuticals
New Delhi : India and Cambodia clinch a deal to work towards a Bilateral Investment Treaty which provides financial help to Southeast Asian nations.
The Prime Minister of Cambodia Hun Sen invited Indian Investments and Indian Companies to analyze the opportunities of collaboration in the areas of Information and technology , pharmaceuticals, agriculture and horticulture, infrastructure and small and medium enterprises.
India give the green light to Cambodian government that they will provide credit for setting up specialty hospitals, expanding road, rail and digital connectivity and construction of a high-powered electric line not only this $37 million credit will be provided to finance a Cambodian water project by India.
Prime Minister Narendra Modi also promised to train Cambodian youth in information technology.
This discussion between the leaders of Cambodia and India were held on 27 Jan at the end of a summit attended by 10 Southeast Asian leaders commemorating the 25th anniversary of ASEAN-India ties.
India looks to deepen its bonds with southeast asia amid its wariness over China’s growing influence in the region.
The Prime Minister of India reaffirmed India’s commitment to undertake restoration and conservation work at the ancient temple of Lord Shiva at Preah Vihear and also expressed satisfaction over the ongoing restoration work at Ta Prohm temple being carried out by Archaeological Survey of India.
The Cambodian prime minister concluded his visit on Sunday.