Kingdom, Oz partner up to develop agri-foods

Jun 4th at 07:49
04-06-2020 07:49:08+07:00

Kingdom, Oz partner up to develop agri-foods

Cambodia and Australia are jointly implementing the “Public-Private Partnership Forum and Research Institution” to provide financial and technical support to small and medium-sized enterprises (SMEs) to produce agri-food products.

The Cambodian government has partnered with the Australian government and partners to develop the agricultural product processing industry and attract more local and international investment, said a Khmer Enterprise (KE) statement obtained by The Post on Wednesday.

KE is an implementation unit of the Entrepreneurship Development Fund established by the Ministry of Economy and Finance.

KE and the Cambodia Australia Agricultural Value Chain Program (Cavac) will provide raw materials, as well as technical and financial assistance to participants in the project, said the statement.

The Institute of Technology of Cambodia (ITC) will provide further technical assistance, equipment, and facilities to support the development and processing of agri-food products.

It said: “SMEs interested in participating in this project should consult with the ITC to submit a proposal and send it to Cavac for review.

“If the request is selected, the successful SMEs will work with the ITC on product innovation and technology transfer. The project will begin receiving applications from mid-June.”

KE CEO Dr Chhieng Vanmunin said that with the support of the ministry, KE has the vision to become the national platform for promoting entrepreneurial activities in Cambodia.

He said: “The project is in one of the priority areas of Cambodian entrepreneurs, agricultural processing.

“In addition to agri-food product development support, entrepreneurs can also get other support from KE such as capacity upgrading and co-investment opportunities.”

Australian Ambassador to Cambodia Pablo Kang said the Australian government, through the Cavac programme, has been supporting the agri-food sector in the Kingdom for many years.

“Now the Australian government is pleased to work with KE and the ITC in building the foundation for the high-quality food processing industry in Cambodia that will be produced by Cambodian SMEs,” he said.

ITC director Dr Om Romny noted that ITC’s vision is to be a leading university in Cambodia in higher education and technology transfer and to support the sustainable development of the Kingdom’s economy.

“Through the project, ITC will use its existing lab facilities and including skills and technology in agri-food product processing development and to help SMEs to produce new agri-food processing products,” he said.

phnompenh post



RELATED STOCK CODE (2)

NEWS SAME CATEGORY

Garment sector requests EU to postpone EBA withdrawal

Representatives of apparel, footwear and travel goods producers and the EU business community in the Kingdom on Tuesday requested the European Commission (EC) to...

China garment giant expands in SEZ

Phnom penh Special Economic Zone Plc (PPSP) has signed a lease agreement for additional land with Marvel Garment Co Ltd, a leading knitwear manufacturer from China.

Ministry signs MoU to boost agri-food sector

The Ministry of Commerce has signed a Memorandum of Understanding (MoU) with KCCV Plantation Co Ltd to promote the development of a secure agri-food product value...

Government gives electricity break to four key sectors

The government has issued a plan to reduce electricity tariffs for companies in four key sectors—manufacturing, agriculture, commercial and service, for five months...

Natural rubber exports retain bounce during Covid-19 crisis

Cambodia exported $22.17 million worth of natural rubber to the international market last month, gaining 6.3 per cent over April 2019’s $20.85 million, said a...

O Meanchey coal-fired plant 50% complete

Han Seng Coal Mine Co Ltd’s (HSCMC’s) 265MW coal-fired power station in Oddar Meanchey province’s easternmost Trapaing Prasat district is more than 50 per cent...

Virus puts Cambodia oil production into question

The coronavirus pandemic is expected to slow the development of the Apsara oilfield located at Cambodia’s offshore Block A of the Khmer Basin in the Gulf of...

Construction resumes on Grand Phnom Penh City

Chip Mong Land on Monday officially resumed development of the Grand Phnom Penh City in pursuit of its vision to transform it into Cambodia’s most luxurious...

Interest sprouting in fruit, vegetable market

Cambodia's fruit and vegetable market is trending up, providing an unparalleled opportunity for the Kingdom’s growers, who often lack buyers for their produce, said...

Trade with Japan sees increase of nearly 5%

Trade volume between Cambodia and Japan reached over $586 million in the first quarter of this year, up 4.90 per cent year-on-year, despite the Covid-19-fuelled...


MOST READ


Back To Top