BANGKOK: Prime Minister of Thailand Srettha Thavisin has said that his country is likely to receive an investment of a $5 billion from Tesla, Google and Microsoft, Western media reported on Sunday.
He added Tesla is interested in setting up an EV manufacturing facility while Microsoft and Google are looking at data centers.
He did not mention whether the $5 billion was expected to be a joint investment or made individually by each company.
Thai PM was talking to journalists in Bangkok after participating in the U.N. General Assembly in New York. He also held talks with company executives on the sidelines of the UN General Assembly session.
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Foreign investment to boost Thailand’s economy
It is expected that new foreign investment would boost Thailand’s ailing economy, which is likely to grow by 2.8% this year, less than previously projected, due to weak exports.
Srettha also talked with Tesla CEO Elon Musk last week about the electric vehicle sector.
Thailand which is Asia’s fourth-largest automobile assembly hub, has been giving incentives to EV and battery manufacturers and tax cuts to local EV buyers, to remain a regional auto hub.
