FTI to develop country as the world food production base

BANGKOK, 27 April 2009 (NNT) – The Federation of Thai Industry (FTI) teams up with the National Food Institute (NFI) to woo Japanese, European, and Chinese investors during the road show to push forward the country as the global base of processed foods production.

The President of Food Industry Group of FTI Wisit Limprana cited that the private sector had cooperated with the NFI to set a road show to EU countries, Japan and China to induce investors in those countries to invest in processed food industry in Thailand.

With the rich natural resources in Thailand, an important material for the food industry, the FTI aims to push the country as the center of processed food production base in the world.

Mr Wisit said that there were currently around 10,000 manufacturers in food industry of Thailand with an export value of 700 billion THB/ year, but the investment from foreign investors was still necessary to develop the country as the world food production base.