BUSINESS & TRAVEL
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Japanese, Indian investors ready to return to Thailand

Japanese, Indian investors ready to return to Thailand

Tokyo to provide low-interest loan for proposed elevated train

Major Japanese and Indian investors are now prepared to resume their investments in Thailand, the Deputy Prime Minister and Industry Minister Suwit Khunkitti, said last week. His remarks were made after Hiroshi Shimozuma, chairman of the Kansai Economic Federation (Kankeiren) of Japan, asked him about the Thai government’s investment policy for 2008 and 2009. Hiroshi stated that Japanese private investors wished to invest more in Thailand. It is felt that cooperation in the fields of trade and investment between the two countries would grow significantly, as a result of the implementation of the Japan-Thailand Economic Partnership Agreement.
Suwit also said that his ministry would direct the Board of Investment to cooperate with the Japanese Chamber of Commerce and the Bangkok-based Japan External Trade Organization (JETRO) to help solve problems for Japanese investors, who are keen on investing in Thailand’s steel, vehicles and vehicle spare parts industries.
During another meeting, this time with Subramanium Ramadorai, CEO and managing director of Tata Consultancy Services Ltd., a major Indian manufacturer of autos and steel, Suwit noted that this company also was interested in investing in the Thai steel, auto and information technology industries.
Meanwhile, Prime Minister Samak Sundaravej told a press conference that he had met with the Japanese ambassador to Thailand Hideaki Kobayashi, together with Kankeiren chairman Shimozuma. He reported that the ambassador had told him that the Tokyo government is prepared to provide a loan at 1.4 per cent interest for the proposed elevated train running from Bang Yai in Nonthaburi province, passing through Bang Sue to Ratchaburana on the city’s Thonburi side. (TNA)