Thailand's Prime Minister Srettha Thavisin  
Technology

Thailand expects Tesla, Google, Microsoft to invest $5 billion, prime minister says

"Tesla would be looking into an EV manufacturing facility, Microsoft and Google are looking at data centres," he said, without detailing whether the $5 billion was expected to be a combined investment or made individually by each company.

Reuters

BANGKOK: Thailand's Prime Minister Srettha Thavisin said on Sunday the country expected to receive investment of at least $5 billion from Tesla, Google and Microsoft.

"Tesla would be looking into an EV manufacturing facility, Microsoft and Google are looking at data centres," he said, without detailing whether the $5 billion was expected to be a combined investment or made individually by each company.

Tesla, Google and Microsoft did not respond immediately to requests for comment.

Srettha was speaking to reporters in Bangkok after attending the U.N. General Assembly in New York where he also held talks with company executives earlier this week.

Fresh foreign investment would boost Thailand's flagging economy, which is expected to grow by 2.8% this year, less than previously projected, due to weaker exports.

Srettha spoke with Tesla CEO Elon Musk last week about the electric vehicle sector.

Thailand, Asia's fourth-largest automobile assembly hub, has been offering incentives to EV and battery makers, and tax cuts to local EV buyers, to remain a regional auto centre.

Chennai: One dead, 49 hurt as migrant workers watching IPL final fall after staircase handrail collapses

Commercial LPG prices hiked by Rs 42 per 19-kg cylinder; no change in domestic cooking gas rates

PMK's Anbumani Ramadoss urges TN govt to challenge SC verdict on super-speciality medical seats issue

Tamil Nadu BJP airs concern over rising vacancies in government posts

'Beware of pickpockets': Rahul slams govt over CBSE re-evaluation cost