Govt eyes $15bn financialinvestment after PM’s international pitch

Govt eyes $15bn financialinvestment after PM’s international pitch

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PUBLISHED : 27 Mar 2024 at 13: 52 The environment of the 45th Bangkok International Motor Show, held at Impact Muang Thong Thani from March 27 to April 7,2024 (Photo: Pattarapong​ Chatpattarasil​l) The federalgovernment stated it anticipates to gather at least UnitedStates$15 billion (546 billion baht) in foreign direct financialinvestment in the next 3 years as Prime Minister Srettha Thavisin’s journeys around the world to charm electrical car (EV) makers and innovation business start to yield outcomes. As much as 210 billion baht ($5.7 billion) is anticipated into Thailand’s automobile market as Chinese EV makers rush to set up supply chain in Southeast Asia’s second-largest economy, according to Narit Therdsteerasukdi, secretary-general of the Board of Investment (BOI). Tech business are mostlikely to invest another 250 billion baht in information centres and cloud services, and Thailand likewise anticipates financialinvestments in the semiconductor supply chain for the veryfirst time, he stated.  Mr Srettha, likewise the financing minister, has tookatrip to 14 nations giventhat taking workplace in September and fulfilled with top executives from more than 60 business, pitching for foreign financialinvestments throughout high-value sectors to lift Thailand’s development rate from an average of less than 2% in the last years.?
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