Discussions with business leaders at the BRF platform
According to Prime Minister Srettha Thavisin, Chinese businesses are interested in funding projects for bio-circular and green( BCG ) economic development as well as renewable energy, electric vehicles( EV ), and transportation infrastructure.
The third Belt and Road Forum for International Cooperation ( BRF ), which ends tomorrow in Beijing, was just attended by Mr. Srettha and Chinese business leaders.
He spoke with Zhu Hexin, the president of Citic Group Corporation, which runs a variety of companies, including financial solutions, commercial banking and investment banking, asset management, resources and power, production, real estate, energy outsourcing, and equipment.
According to Mr. Srettha, Citic has previously invested in Thailand, and the two nations have a shared passion for renewable energy.
The largest manufacturer of aluminum alloy rims for the automotive industry worldwide, according to Mr. Srettha, is Citic Dicastal, a division of Citib Group.
He stated that he had invited Citic to establish a factory in Thailand to create alloy wheels, and the business can anticipate doing well given that four Chinese EV manufacturers have now established facilities there and two more are on the way.
According to federal official Chai Wacharonke, Citic has been listed among Fortune’s Global 500 companies for 15 years running since 2009 and was ranked 100th this year.
According to the spokesman, Citic has also expressed interest in significant public-private partnership ( PPP ) projects.
The prime minister, according to Mr. Chai, also invited Citic to participate in Thailand’s five proper industries, including the mechanical, electronics, online, and modern sectors, as well as crops, food, medicine, clean energy.
According to Mr. Chai, the PM also invited the company to establish its regional office in Thailand as part of a strategy to promote the country’s emerging economies. He also added that the business is eager to increase its investments, especially in sectors like industrial property development and clean energy.
The professionals of CRRC Group, which specializes in building, producing, and maintaining trains and rolling stock, were subsequently introduced to Mr. Srettha.
The company now exports locomotives to Thailand, but it also sees growing opportunities for export growth abroad. According to Mr. Srettha, the company is looking into ways to establish a factory in Thailand where it can produce energy rails and engines.
According to Mr. Srettha, Thailand does act as a hub for the agency’s global exports if it can set up shop there.
The southern area gate connecting Chumphon on the northeast coast of the Gulf of Thailand to Ranong along the Andaman Sea has just received approval from his case, he continued, adding to his information to the company’s professionals.
According to Mr. Srettha, if it is put into place, it will serve as a shipping hub for shipping to India, the Middle East, and Africa. He also said that the company is very interested in the land bridge job.
The PM claimed that he had also invited Xiaomi managers to establish a manufacturing facility in Thailand, the Chinese company that makes smartphones and consumer electronics. Although the company now has a regional office in Thailand, he said it has no production facilities as of yet.
Therefore, Mr. Srettha spoke with representatives of Alibaba International Digital Commerce Group and requested that they think about promoting more goods produced by Thai small and medium-sized business owners on Lazada, the company’s website financial system.
” Conversations with the businesses were successful.” We made an effort to entice them to invest in Thailand by providing them with income breaks. As Thailand is now available to funding, they expressed their happiness and desire to conduct more business, according to Mr. Srettha.