Japanese businesses asked to invest in Kanchanaburi-Maptaphut railway

[webfact]

Japanese businesses asked to invest in Kanchanaburi-Maptaphut railway

BANGKOK, 23 September 2015 (NNT) – Deputy Prime Minister Somkid Jatusripitak has invited Japanese businesses to invest in the Kanchanaburi-Maptaphut railway that will link Myanmar's Dawei special economic zone with Thailand's eastern seaboard industrial estates and ports.

Mr. Somkid told Japanese business representatives that the government has a policy to expand industrial activity in Rayong, Chachoengsao, Pathum Thani and Chonburi.

Emphasis is being placed on industries that utilize medium to high technology, and industries that will – together with Thai businesses – form part of the various industrial 'clusters' the government aims to promote. He indicated that the automotive industry and agricultural industry were especially being focused on.

The deputy prime minister was Speaking to Japanese investors at a forum at Queen Sirikit National Convention Center in Bangkok, co-hosted by Thailand's Ministry of Industry and Japan's Ministry of the Economy, Trade and Industry.

According to Mr. Somkid, the government was considering extending the tax break duration for qualified businesses to 10-15 years, from the original 8-10 years.

Foreign investors might also be given the right to own land. The proposed incentives are being studied by the Board of Investment and will be submitted immediately to the Cabinet for consideration.

-- NNT 2015-09-23

[JoePai]

And where are they going to find the skilled workers for these new industries ?

[dageurreotype]

Will the Japanese actually have to pay their workers this time around?

[webfact]

Government invites Japan to invest in railway project linking eastern seaboard with Dawei seaport

BANGKOK: -- The government yesterday persuaded Japan to invest in the country's railway project that will link Thailand's eastern seaboard with Myanmar's Dawei special economic zone.

As Thailand is now expanding more industries in the eastern seaboard particularly agro and automobile industries, the rail project will greatly benefit not local investors but Japanese investors as well in the seaboard and the new economic zone.

Extending the invitation to the Japanese investors to invest in the Kanchanaburi-Map Taphut railway project during his meeting with Japanese investors forum at Queen Sirikit National Convention Center in Bangkok, deputy prime minister Somkid Jatusripitak said the Kanchanaburi-Map Taphut railway will link Myanmar’s Dawei special economic zone with Thailand’s eastern seaboard industrial estates and ports.

The forum was co-hosted by Thailand’s Ministry of Industry and Japan’s Ministry of the Economy, Trade and Industry.

According to The NNT, Somkid stated that since the government has a policy to expand industrial activity in Rayong, Chachoengsao, Pathum Thani and Chonburi, emphasis is now placed on industries that utilize medium to high technology, and industries that will – together with Thai businesses – form part of the various industrial ‘clusters’ the government aims to promote.

He pointed out agro and automobile industries saying they would be given special attention.

The deputy prime minister said the government was considering extending the tax break duration for qualified businesses to 10-15 years, from the original 8-10 years.

Foreign investors might also be given the right to own land. The proposed incentives are being studied by the Board of Investment and will be submitted immediately to the cabinet for consideration.

He went on saying that as the government was expediting investment in infrastructure to accommodate an increase in commercial activity that will come after the integration of ASEAN economy takes effect, therefore he would like to invite Japanese businesses to invest in the Kanchanaburi-Map Taphut railway project.

He said investment in the rail project would be favorable to the various Japanese industries in Myanmar’s Dawei as well as to those in Thailand.

Source: http://englishnews.thaipbs.or.th/government-invites-japan-to-invest-in-railway-project-linking-eastern-seaboard-with-dawei-seaport


-- Thai PBS 2015-09-23

[ourmanflint]

So is Thailand on the brink of bankruptcy, have they run out of cash? Why the need for all this foreign led investment in rail? Can't they afford to build it themselves?

[trainman34014]

One of these decade's we may actually see a new mile of railway laid instead of reading about people TALKING about doing it ! Wake me up in 2030 and give me the latest news about a sod actually been turned.

[springheeled jack]

if the Japanese do decide to invest in the railway link up giving them access to these industrial areas where are they going to get labour what it means is the Japanese are going to have to spend a lot of money teaching thais or other labour resources .

[Prbkk]

delete, point made already

Edited September 23, 2015 by Prbkk

[Sam Jones]

Sounds like begging ... and more loss of face ...

[maidee]

that will bring some sweet memories about WW2 where japanese build also a railroad track, but with slaves, sorry, prisoners of war