Expanding to Even Greater Heights Building on its solid foundation, the Thai industry continues to grow with new developments. In December 2010, the TGJTA opened the local industry’s first overseas distribution center, in Mumbai, India. As there is high demand for Thailand’s products, the ultramodern 200sqm facility will help expedite trade between Thai suppliers and Indian gem and jewelry wholesalers, retailers and consumers. In another forward step, the Gemopolis Industrial Estate has opened its expansion phase. Known as the Gemopolis Free Zone Complex, the 300 million baht extension in the estate provides more office and factory space to meet demand from entrepreneurs. Established in 1990, Gemopolis is a specialized industrial estate for diamonds, gems and jewelry, uniquely integrating production and trading in one compound. More than 120 companies from 24 countries operate production bases or trade offices in the estate. Gemopolis’ prime location just eight minutes from Suvaranbhumi International Airport in Bangkok is particularly attractive to foreign companies, which constitute 90% of makers in the estate. Even as the Thai gems and jewelry industry continues to shine. To maintain competitiveness, Thai entrepreneurs are encouraged to increase their launches of value-added products and cultivate emerging markets.The BOI works with investors to promote the industry and offers attractive incentives for investment, as well as the benefit of locating in an investor friendly country with a large consumer market.
Posted on: Wed, 12 Jun 2013 11:00:54 +0000
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