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Friday, March 29, 2024

Frasers allots B5bn for industrial sector

Frasers Property Industrial Thailand (FPIT) plans to spend 5 billion baht this year to expand industrial spaces in Thailand, Vietnam and Indonesia by 250,000 square metres.

An artist’s rendition of an industrial township project on a 4,700-rai plot on Bang Na-Trat KM32 in Bang Bo, Samut Prakan.

Sopon Racharaksa, chief executive of FPIT, said this year and next would be “exciting” years for the industrial estate sector as other countries outside China would significantly benefit from the China Plus One policy, which calls for businesses to diversify operations by adding locations in Asia.

“Both Chinese and foreign investors that have factories in China are looking for additional locations outside the mainland to set up new factories, not for relocation but rather expansion, before scaling down the existing ones in China,” he said.

The first sectors expected to…

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