A senior executive from one of the world’s largest multinational companies has shared its intent to invest in Cambodia’s cashew processing industry.
Gaurav Patil, senior vice-president and country head of Olam Food Ingredients (OFI) Vietnam, met with Minister of Commerce Cham Nimul on March 17, in Phnom Penh.
Patil shared that after recognising Cambodia’s strong potential, his company intends to further expand its investment in the Kingdom.
Olam Food Ingredients (OFI) Vietnam is a subsidiary of Olam Group, a large multinational company headquartered in Singapore and operating in more than 60 countries. The Group is a leading player in the food and agri-business sector, supplying customers worldwide.
Patil explained that in 2017, Olam Group has established Olam Outspan (Cambodia) in the Kingdom, to promote and expand investment in processing Cambodia cashew nuts and other agricultural products, including mango, durian and pineapple.
“recognizing Cambodia’s strong potential, along with its stable economic and political environment, OFI intends to expand its investment in the Kingdom of Cambodia, particularly in cashew processing,” he said.
