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Bangkok, Thailand, July 9, 2018-Delta Electronics (Thailand) PCL. supported a high-level Tamil Nadu Government delegation visit to attract Thai investment to the South Indian province. The Tamil Nadu Government selected Delta as an outstanding Thailand-based investor to support its promotion activities in Thailand. Bangkok is the delegation’s first stop on its mission to Southeast Asia, China and Taiwan. The mission’s main aim is to attract international companies and investors to Tamil Nadu’s Global Investors Meet (GIM) scheduled to take place at the Chennai Trade Centre January 23-24, 2019.
As part of its support, Delta arranged the delegation’s “Investing in Tamil Nadu” seminar at the Siam Kempinski Hotel, Bangkok. In the opening ceremony, Mr. Bhagwant Singh Bishnoi, Indian Ambassador to Thailand welcomed over 40 attendees from Thai-based companies and thanked Delta for organizing the event. Next, Mr. Hsieh Shen-yen, Delta President, spoke about the key role India plays in Delta’s global growth and the company’s commitment to India’s growth story. Mr. Anusorn Muttaraid, Delta Executive Director, then shared Delta’s key successes in India and the company’s growth in Tamil Nadu since establishing a factory at Hosur in 2016. Mr. Anusorn highlighted the company’s current investments in its new manufacturing plant in Krishnagiri and reaffirmed Delta’s ambition to become an industry leader in India.
During the seminar, Mr. M.C. Sampath, Industries Minister Government of Tamil Nadu, and delegates highlighted the advantages of GIM 2019, Ascendas One Hub Industrial Park and ease-of-investment initiatives to spur growth in the province. Tamil Nadu is India’s second largest economy and boasts a large skilled labor pool in its large automotive, electronics, textiles, chemicals and IT industries. Tamil Nadu’s smart city development projects and aggressive implementation of renewable energy aligns well with Delta’s expansion of green mobility and energy businesses.
To entice investors and ease entry for multinationals and foreign SMEs, the Tamil Nadu Government offers land in industrial parks and SEZs, structured incentives, comprehensive infrastructure and a single window fast-track approval for business. Mr. M.S. Shanmugam, Special Secretary of Industries, said there is no need to hire consulting as the Tamil Guidance Bureau offers comprehensive support and tailor-made incentive packages.
Since 2003, Delta Thailand is expanding the footprint of its subsidiary Delta Electronics India Pvt. Ltd. Delta has grown to become India’s leading provider of Telecom Power Solutions and a major source of Industrial Automation, Large Display Solutions, Mission Critical Infrastructure Solutions and Renewable Energy Solutions. Delta’s investments in the Tamil Nadu are in-line with the company’s vision to boost India’s development while supporting the “Make In India” initiative.
