Guangdong-based investors eye opportunities in EEC
Investors from China’s Guangdong province are eager to invest in the medical equipment, electric vehicle and 5G technology related industries in Thailand’s Eastern Economic Corridor (EEC), said Kanete Wangpaichitr, EEC Office of Thailand's assistant secretary-general for investment promotion.
The EEC Office and Guangdong province signed a pact in 2019 to woo investors.
He added that Guangdong investors are interested in 5G technology, as the demand for 5G-compatible equipment in the world is on the rise.
China is also one of the world's leaders in 5G technology.
Kanet said if Thailand can draw Chinese investors to produce 5G devices in the EEC, then the country can become a regional manufacturing hub in the sector. Thailand will also benefit from technology transfer from these investors.
Apart from China, the EEC Office will also woo leading 5G equipment makers in Hong Kong and Taiwan, he added.
Meanwhile, several major electric vehicle (EV) makers in China have also shown interest in Thailand, he added.
The Board of Investment on Wednesday approved a set of incentives for Thailand’s EV manufacturing supply chain, with a focus on critical parts such as batteries.
Guangdong investors are also interested in the production of medical rubber gloves, thanks to Thailand’s abundant raw material, and high-tech medical equipment in response to rising global demand.
The investors have also shown interest in helping develop the local workforce by offering scholarships for undergrads.
