According to a government report, T&A ITM’s goal is to build a competitive T&A industry that focuses more on value-added, sustainability, technology adoption, skills and entrepreneurship.
It has four levers: product mix and international trade, skills and productivity, technology and sustainability, infrastructure and governance.
The industrial transformation map of the Cambodian textile and garment industry in the period of 2023-2027 shows that the industry needs to adjust its product structure to the trend of international sourcing and reverse integration to reduce dependence on imports. exports and diversify the market structure. It has four levers, including technology and sustainability, infrastructure, and governance.
It also aims to attract investment in supporting industries and promote diversification of apparel, footwear and handbag markets, according to Cambodian media reports.
Challenges include internal factors such as wage growth, low productivity, low levels of interest among young people entering the T&A industry and limited focus on sustainability parameters, it pointed out.
The development strategy has identified several areas of focus in the short and medium term. It includes strengthening human resources to increase productivity and create career paths for workers-employees, improving working conditions and welfare of workers-employees, promoting domestic and foreign investment. out into high value-added industries and focus on expensive and unique products.
The map is designed and built based on the assessment of the global and Cambodian T&A industry and the Cambodian government’s Strategy for Development of the Garment, Footwear and Tourism Goods Industry for the period 2022-2027.
Fiber2Fashion (DS) News Desk
