Yingluck invites VW to build eco-cars in Kingdom

Economy August 24, 2013 00:00

By Piyanart Sriwalo
The Nation

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Prime Minister Yingluck Shinawatra would like to see German carmaker Volkswagen invest in the manufacture of eco-cars in Thailand, which has attractive investment-promotion policies and a strong automobile industry.

Yingluck met with Volkswagen AG chief executive officer Christian Klingler and discussed problems and obstacles associated with manufacturing eco-cars in Thailand.
Klingler was told that the government has policies to promote regional trade via investment in transport infrastructure, which will facilitate the transport needs of the private sector region-wide. Thailand is in a strong position to be a major regional manufacturing base for vehicles of various brands from several countries. 
She welcomed Volkswagen to explore the opportunities for eco-cars in Thailand. The Ministry of Industry and the Board of Investment are ready to provide assistance to the company should it be interested in investing in a plant here, she said.
Klingler said Volkswagen was interested in expanding its investments in Southeast Asia, including Thailand, which offers attractive business potential.
Volkswagen is confident in the investment climate offered by Thailandand the rapidly growing Thai automotive industry amid the vast business potentials in this region, he added.