In a fruitful dialogue with Elon Musk, Thailand’s Prime Minister Srettha Thaugsuban highlighted his eager intent to foster high-impact investments in his nation. With a special emphasis on the burgeoning electric vehicle (EV) segment and the exciting realm of space exploration, the PM lauded the joint vision of a cleaner, more sustainable world that this partnership might bring forth.
Srettha expressed high hopes that this collaboration would bear fruit not just for Thailand’s native shores but resonate on a global scale. The enormous market potential that the EV and space exploration sectors present is undeniably clear and appealing. The Tesla executives seemed to reciprocate the positive vibes, expressing admiration for Thailand’s impressive human resource reservoir, a critical factor that aligns well with Tesla’s ambitious investment blueprint.
The forward-thinking Thai government, along with its subsidiary agencies, stands prepared to extend full support, backed by a conducive legal framework, for benefits stemming from investments in these key areas.
In another trailblazing meeting in the United States, this time with the luminaries of Microsoft, the Thai PM started by expressing his sincere appreciation for the tech titan’s consistent partnership and capital influx into Thailand. He also underscored the immense potential harbored by Thailand to emerge as a regional hub and potent data centre for the extended region.
Microsoft, in its strategic vision, is committed to assisting both private and public sectors in harnessing the power of cloud technology. With this focus, the tech giants’ cloud investments in Thailand can robustly enhance the efficacy of the local workforce, particularly in specialized fields such as information technology (IT) and engineering. Such enhancements can notably augment Thailand’s competitive edge in the global market.
PM Srettha didn’t miss this opportunity to extend a cordial invitation to Microsoft, urging them to pour investments into Thailand’s promising data centres. With an estimated resource allocation of around US$15 billion or approximately 500 billion baht, the data centres would necessitate a power capacity of a mammoth 500 megawatts. Thailand is currently among a select few nations, including Malaysia and Singapore, being considered for this colossal investment. If the winds favour the Thai shores, the initial investment itself could likely touch the 100 billion baht mark.
Reliable industry sources within Thailand’s technology sector imply that Microsoft’s local executives haven’t yet endorsed or repudiated this investment plan, as their current emphasis remains steadfast on pursuing advancements in AI. The company aims to distribute its investment efforts across three nations, Thailand, India, and Malaysia, with the final decision still awaiting closure.
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