Logo of Phnom Penh Post newspaper Phnom Penh Post - Indo ASEAN Oceanic expo held




Indo ASEAN Oceanic expo held

Content image - Phnom Penh Post
Ambassador of India to Cambodia Manika Jain said India and ASEAN should cooperate in the digital space and learn from each other as they craft a strategy on the use of digital technologies. Hean Rangsey

Indo ASEAN Oceanic expo held

The first Indo ASEAN Oceanic Business Summit & Expo, organised by the Confederation of Indian Industry (CII), is being held virtually from Tuesday to Thursday this week.

The three-day summit and expo cover a wide range of topics, including biotech, healthcare, agriculture, energy and renewable energy.

Logistics and supply chains, information technology (IT), information and communications technology (ICT) equipment and manufacturing value chains will also be covered.

The trilateral business summit is the first event to involve 15 countries from ASEAN and the Oceanic region in addition to India. Governments, enterprises, business chambers, think tanks and academia from each country were invited to attend.

Secretary of state at the Ministry of Commerce Seang Thay participated in the inaugural session on Tuesday, according to an event press release.

The relationship of India with ASEAN and Oceanic countries was a key pillar of India’s foreign diplomacy and the foundation of the Indo Pacific Policy.

India’s bilateral trade with ASEAN economies is estimated to be worth more than $142 billion, while its bilateral trade with Oceanic countries reached nearly $18 billion in 2018-19, the press release said.

It said the summit will give industry players the means to hold B2B sessions, showcase products and services through a virtual exhibition section, attend conferences and seminars and access the knowledge/library section.

In her address to the summit on Tuesday, ambassador of India to Cambodia Manika Jain said India and ASEAN should cooperate in the digital space and learn from each other as they craft a strategy on the use of these digital technologies.

But the connectivity could be achieved only when the different digital capacities of each country in the region are evaluated, she said.

Jain urged Indians to enter the digital space of the Cambodian market, as India has a good reputation in the field and there has also been encouragement through government policies.

Digital adoption by businesses in Cambodia was constrained by challenges in accessing financial services as well as by lack of skilled staff and adequate legal framework, she said.

“So, one sees great potential for digital applications, marketing of new ideas, trading and purchasing apps as well as various e-commerce platforms, she said, adding that Cambodia needed solutions in healthcare, education, and skill-building.

“Indians can invest in new ideas and start-ups in Cambodia which has a reasonable digital infrastructure and a good appetite for growth,” Jain said.

She stressed that India is committed to cooperating with Cambodia.

“Finally, I wish to reiterate that in the Cambodian context, it is imperative to have knowledge connectivity by promoting seminars, talk shows and interactive sessions to showcase Indian capability, resources and willingness to engage with the country,” she said.

MOST VIEWED

  • Hungarian exposes 90 to Covid in Siem Reap

    The Ministry of Health has discovered 90 people who have been exposed directly or indirectly to a Hungarian man infected with Covid-19. They all are required to quarantine at home and the hospital. The ministry is searching for other affected people. Among the 90, one is the

  • PM warns of ‘new Cold War’

    Prime Minister Hun Sen said the possibility of a so-called new Cold War has become a significant concern and that all countries have to reject outright, any attempt to allow history to tragically repeat itself. He made the remarks in a speech during 75th Session

  • PM: West unfair to Cambodia

    Prime Minister Hun Sen released a message celebrating the International Day of Peace on Monday, saying that some major powers and western countries had been systemically cooperating to put political pressure on Cambodia as they did in the 1970s and 1980s. Hun Sen said pressuring

  • ‘Bad news is an investor’s best friend’ – unlocking investment potential in Cambodia

    It is time to shop. Economic woes provide good pickings for investors if they know where to look The poem If, written by English Nobel laureate poet and novelist Rudyard Kipling for his son circa 1895, is widely perceived as fatherly advice for John who would

  • PM requests Russia’s Covid vaccine

    Prime Minister Hun Sen has requested that Russia provide Cambodia with its Covid-19 vaccine after the former announced it planned on mass vaccinating its population next month. The request came on Thursday through the prime minister’s Facebook page as he met with Anatoly Borovik,

  • First ‘mobile kitchen’ in Cambodia enters service

    A catering company recently rolled out Cambodia’s first “mobile kitchen” – a $50,000 container capable of serving up to 200 people at a time. The kitchen is the brainchild of Seng Hok Heng Catering Services. At 4.4m-high, 6.8m-long and 2.4m-wide (expandable to 6.8m), the kitchen is equipped