The Thai Ministry of Industry has joined with the Federation of Thai Industries (FTI) to attract French investors to the Eastern Economic Corridor (EEC).(Photo: nwnt.prd.go.th)

Bangkok (NNT/VNA) – The Thai Ministry of Industry has joined with the Federation of Thai Industries (FTI) to attract French investors to the Eastern Economic Corridor (EEC) this year.

Minister of Industry, Uttama Saowanayon revealed after a recent meeting with Thai private sector members in France, that took place at Westin Hotel Paris with Prime Minister Gen Prayut Chan-ocha chairing the meeting, that many major French companies are aware of investment possibilities in Thailand, especially those in sectors targeted for development in the EEC by the Thai government.
 
At this stage, many French private companies are interested in investing in the EEC’s infrastructure, are looking at railways, vehicle building, agriculture and the bio-economy, alternative energy and the Smart City concept. They have also shown interest in services such as education and tourism development.

The Ministry of Industry has therefore initiated cooperation with the FTI’s Thai-French business group to work with France’s employment council, an organization that counts over 750,000 companies as members, to invite French investors to visit the EEC this year. Organisations that have already shown interest include Vinci Group, which is interested in basic infrastructure, Transdev, a rail specialist and Engie, an alternative energy leader. They and other organisations however still need in-depth information on investing in the EEC such as the processes involved and privileges.

France is the world’s seventh largest economy and has investments of about 52 billion Euros worldwide. It features technological and scientific advancements in the areas of aviation, rail and alternative energy. Significantly, only 7.6 percent of its investments are on the Asian continent.-NNT/VNA