Bangkok--10 Nov--PRDD
TICON and Seibu Cooperative Bank have signed MOU over a joint effort to support Japanese SME investment in Thailand. TICON's advantage in terms of strategic locations in the manufacturing sector, facility readiness, and full support for immediate execution is expected to be met with great reception from potential investors.
Mr. Virapan Pulges, Managing Director of TICON Industrial Connection Public Company Limited, Thailand's leading rental factory and warehouse developer, revealed that the company had recently signed a memorandum of understanding with Japan's Seibu Cooperative Bank over joint support and facilitation work for Japanese small and medium enterprises (SMEs) interested in investing in Thailand.
Seibu Cooperative Bank is a financial institution based in Tokyo, dedicated to the mission of supporting SMEs in Japan. The cooperative bank plans to organize educational seminars for Japanese entrepreneurs interested in investing in Thailand, and TICON will be supplying expert speakers with investment knowledge and expertise for these sessions. Additionally, Japanese SMEs deciding to move ahead with investment in Thailand will receive further support and facilitation in terms of information on factory rentals, prerequisites for factory operation in Thailand, including any tax privileges which may be received from the Board of Investment.
"This collaboration represents another step forward for TICON's pioneering efforts in overseas investor outreach," said Mr. Virapan. "Many investors remain interested in Thailand as a manufacturing site and a pathway to access high-potential ASEAN markets. This year, TICON has met Japanese investors from over 120 companies under this program, and we will soon organize a roadshow to offer Japanese investors a visit to TICON's ready built factories across 18 of Thailand's main industrial estates/parks – many of which are situated in strategic areas within the vicinity of Bangkok and surrounded by other industrial estates housing automobile and electronics factories. These locations also offer convenient access to major transportation and distribution hubs, including Suvarnabhumi Airport, Klongtoey port, and Laemchabang port. We believe that these factors can inspire great confidence in investors."
According to the TICON's managing director, Thailand will continue to become a hotspot of interest for foreign investors – especially those from Japan and China – thanks to overall readiness, economic potential, and long-term infrastructure development plans. TICON expects its business to perform even better after integration into the ASEAN Economic Community. The International Monetary Fund's estimates indicate that the ASEAN region, following AEC integration, will see total trade and investment value rise from today's $2.5 trillion to over $4.3 trillion by 2020.
"TICON is confident that our readiness to support international ventures in Thailand will result in a continuous influx of foreign investment across various industrial sectors into Thailand. This will, in turn, propel TICON's rental factory business to grow from strength to strength," added Mr. Virapan.