Thailand – Japan join hands on industrial cooperation

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BANGKOK – The Department of Industrial Promotion (DIP) has established an industrial cooperation with the local government in Japan, driving forward the economy of both countries.

The DIP Director-General Somchai Harnhirun has officiated over the business matching seminar between Thai entrepreneurs and the entrepreneurs from Aichi Prefecture, Japan, on advanced industries.

He said the DIP is aiming to further develop Thai industries to enhance their value to meet global demands, including the targeted industry clusters of automobile and parts industry, digital industry, textiles and garment industry, and the processed produce industry.

The DIP is also seeking to develop technological infrastructure and enhance the manufacturing standards of Thai SMEs and OTOP goods.

The seminar is being held in order to provide SME entrepreneurs with better international business opportunities according to the SMEs development cooperation established between the DIP and the government of Aichi. The seminar is being attended by 23 Japanese companies and about 100 Thai companies with business matching potential.

Aichi Prefecture is considered the center of manufacturing industry in Japan, while investors from Aichi Prefecture have contributed to the majority of the investment in Thailand with an investment volume of 44 billion US dollars from 284 companies during 2007-2015.