China firm to invest ‘millions of dollars’ in Cambodia's cotton industry

“It’s a big firm from China that has already conducted a study on the potential for investment in my province, ” he said, noting that it is interested in growing and processing the crop.Samnang said the project will attract other Chinese investors to the province.He did not reveal the company’s name or provide concrete figures on the capital that will be invested.

Samnang pointed out that available farming land in the province is scarce, with rice plantations, owned by private companies and families, occupying around 110,000ha.The General Department of Agriculture’s director-general Ngin Chhay could not be reached for comment on Sunday. The company has successfully conducted a preliminary test on the crop and is preparing a second test on 180ha in Bakan district.

This type of direct foreign investment will not benefit the locals. This will turn local farmers into labor workers instead of producers.

Indonesia Berita Terbaru, Indonesia Berita utama

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