The Ministry of Commerce & Industry, Government of India along with Ministry of Commerce of Cambodia organized the 5th India-CLMV Business Conclave in Phnom Penh on 21-22 May 2018. After four rounds of the Business Conclave in India, this initiative was brought by Department of Commerce of Government of India to Cambodia, for greater participation from the region. The Confederation of Indian Industry (CII) is the institutional partner of the event.
Cambodia, Lao PDR, Myanmar and Vietnam collectively, is the third largest economy in ASEAN, followed by Indonesia and Thailand.
India’s trade with the CLMV countries has grown from USD 1.5 bn to more than USD 10 bn in the last 10 years.
The CLMV conclave is an annual feature which provides an opportunity for Indian business leaders to interact with government and business stakeholders representing the four countries. The conclave facilitates to create and provide a platform for the decision makers from CLMV countries to interact with a range of Indian business companies involved in trading, manufacturing, processing, engineering, consultancy, construction etc.