Indian funds are pouring into Thailand
Indian funds are investing strongly in Thailand, and the Eastern Economic Corridor has been perfectly upgraded to create a new economy in the digital industry! CtrlS, the largest cloud service provider in Asia, is a recognized Level 4 data center operator and the largest data center operator in Asia. Indian data center operator CtrlS announced on February 2 that it will invest more than 15 billion baht in Thailand's Eastern Economic Corridor (EEC), including leasing land to build a global cloud database! Another foreign investment in Thailand, ASEAN’s new economic opportunities are endless! (Video source: Data Center News Asia Youtube channel)
Eastern Economic Corridor, focusing on high-tech industries
Thailand’s Eastern Economic Corridor (EEC) is the Thai government’s most significant investment plan in the past 30 years. The goal is to build Thailand into a country dominated by high technology, high added value, and high creativity, thereby consolidating Thailand’s presence in Southeast Asia. status. Thailand plans to invest 2.2 trillion baht in five years, allowing Thailand to grow at an average annual rate of 5%! ECC is geographically located in Rayong, Chonburi and Chachoengsao in the southeast of Thailand, and has established three special economic zones with a total area of more than 130,000 square kilometers. Among them, the government encourages the following industries to enter the Eastern Economic Corridor: electric vehicle production, smart technology, robotics, biotechnology, medical centers, digital industries, etc.
Indian digital industry enters Thailand
CtrlS Datacenter signed a 50-year investment contract with the Thai government involving an investment of RMB 15 billion. On February 2, Dr. Nalinee Thaveesin, Trade Representative of Thailand, and Nagesh Singh, Ambassador of India to Thailand, witnessed this happy event! The agreement was signed between the Eastern Economic Corridor (EEC) Policy Committee Office (EEC Secretary-General Dr. Chula Sukmanop) and the Indian company CtrlS Datacenters (Senior Vice President Marketing, CtrlS Datacenters Mr. Siddharth Singh), which will establish world-leading data in the Eastern Economic Corridor Central hub (hyperscale data center).
CtrlS Datacenter target ASEAN economy
CtrlS is India's leading hyperscale Tier 4 data center operator and Asia's largest data center operator. 25 rai of land will be leased for 50 years in the Eastern Economic Corridor. The hyperscale data center project can accommodate the highest volume of digital data and marks the first overseas investment expansion. It brings investment worth more than 15 billion baht, generates about 1.3 billion baht in rental income, and provides about 1,000 jobs to the Eastern Economic Corridor. This foreign investment once again confirms the success of targeted industrial investment in Thailand’s Eastern Economic Corridor! The hyperscale data center aims to use energy management technology and clean energy to support a maximum power capacity of 150 megawatts! Located close to the Chonburi Submarine Cable Station, it is the central connection point for underwater and land cable networks, enabling international connections to countries such as the United States, China, Japan, Singapore, and Taiwan.
CtrlS Foreign investment in Thailand is just the tip of the iceberg. In 2023, according to the latest data from the Thai Ministry of Commerce, "Foreign Investment Ranking in Thailand", the total foreign investment in Thailand will exceed 130 billion baht! Thailand is in a golden period of development, with unlimited business opportunities and gold everywhere. If you are interested in starting a business in Thailand and doing business in Thailand, please feel free to contact our dedicated consultants for more information!
