NEW DELHI (AP) — The leaders of India and Cambodia have agreed to work toward a bilateral investment treaty that could see tens of millions of dollars pour into the Southeast Asian nation.
Saturday’s meeting between Cambodian Prime Minister Hun Sen and Indian Prime Minister Narendra Modi saw Cambodia invite Indian investment in information technology, pharmaceuticals, agriculture and horticulture, infrastructure and small and medium enterprises.
A broader treaty will take time but India agreed to provide lines of credit, including nearly million to finance a Cambodian water project. A joint statement said Modi also offered to train Cambodia youth in information technology.
The leaders held talks in New Delhi. India is seeking to deepen bonds with Southeast Asia amid wariness over China’s growing influence in the region.