THE GATEWAY TO ASEAN
Thailand is a part of Association of Southeast Asian Nations and ASEAN Economic Community (AEC) along with nine other countries namely: Indonesia, Malaysia, Philippines, Singapore, Brunei, Cambodia, Laos, Myanmar and Vietnam. One of the world’s largest economic communities and the fastest growing region has driven Thailand to become destination of investment. With Strategic location among ASEAN, it is easy access to the Greater Mekong subregion (GMS). Hence, Thailand has high potential to be regional logistic hub.
In terms of business opportunities, it is foreseen that a large number of companies and government projects will be using LED products as evidenced below:
- Government Projects: Municipality offices in Thailand replaced LED street light, LED lamp, LED tube at their area. The government sector has set its campaign to promote energy conservation under the Department of Alternative Energy Development and Efficiency, Ministry of Energy, to provide an “investment subsidy” for LED light bulb replacement. The total subsidy budget for this campaign is 521,125,000 THB.
- Public & Private Infrastructure Projects: From the construction of the new parliament house to stadium, residential, commercial, hospitality and entertainment projects.
- CP All Public Co., Ltd : Creates “7 Go Green” project and invest over 500 million THB to replace LED Light bulb in 7-Eleven throughout Thailand.
- Inter Continental Hotels Group : Intercontinental bangkok hotel and Holiday inn hotel jion energy policy and planning office (EPPO) project to replace LED light bulb in their hotel.
Thailand has long been a proponent of free & fair trade and its attractiveness as a production base for leading international companies is enhanced by a number of free trade agreements.