Home Business Thailand expects Tesla, Google, Microsoft to speculate $5 billion

Thailand expects Tesla, Google, Microsoft to speculate $5 billion

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Thailand expects Tesla, Google, Microsoft to speculate $5 billion

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Thailand’s Prime Minister Srettha Thavisin mentioned on Sunday the nation anticipated to obtain funding of not less than $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 mentioned, with out detailing whether or not the $5 billion was anticipated to be a mixed funding or made individually by every firm.

Tesla, Google and Microsoft didn’t reply instantly to requests for remark.

Srettha was chatting with reporters in Bangkok after attending the UN General Assembly in New York the place he additionally held talks with firm executives earlier this week.

Fresh overseas funding would enhance Thailand’s flagging financial system, which is predicted to develop by 2.8 per cent this 12 months, lower than beforehand projected, attributable to weaker exports.

Srettha spoke with Tesla CEO Elon Musk final week in regards to the electrical automobile sector.

Thailand, Asia’s fourth-largest vehicle meeting hub, has been providing incentives to EV and battery makers, and tax cuts to native EV patrons, to stay a regional auto centre.

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Source web site: www.dubai92.com