Over the past two decades, Cambodia has achieved significant growth of over seven per cent annually driven primarily by several key sectors of the economy. Small and growing businesses may now be at a stage where they are considering expansion through international trade and investment and India provides as attractive market as one of the fastest growing economies with geographical proximity to Cambodia.
Trade and investment between India and the Greater Mekong Sub-region (GMS) countries of Cambodia, Thailand and Vietnam is relatively low in comparison to India’s trade with the rest of the world. GMS countries offer many opportunities for Indian businesses given their geographic and cultural proximity and their involvement in similar global value chains such as automotive, garments and pharmaceuticals.