Foreign Companies have taken a sudden
interest in Kampuchea's ageing, state-owned rubber
plantations. Kampuchean
officials are delighted at this
development. "Today there
is anarchy in the transport of
the rubber," says Chhun
Sareth, undersecretary of
state in the ministry of
agriculture. "They have to
replant it or it will be like the
teak plantations," he feels.
Three foreign companies
are competing for an investment in the plantations.
Terre Rouge Consultants,
affiliated to Group Rivaud of
France, have offered to take
over the Chop plantation in
Kampong Chant in central
Kampuchea. Belgium-based
Societe Investment Agriculture Tropicale is also wooing
the Kampuchean government and the third competitor is a joint venture called Cambodia/Aldec. North
Korea is also pressing ahead
despite an extravagant
estimate of at least us $130
million to replant trees and
upgrade factories.
We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together.
.png)
Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.