BANGKOK, 31 May 2017 (NNT)
Lazada Thailand, a company within China’s Alibaba Group, is expected to select a location to establish its electronic-commerce park in the Special Economic Zone of the east within the next two months and begin operation in early 2019.
Minister of Industry Utama Saowanayon revealed after discussions with Lazada Thailand that its E-Commerce Park, to be set up in the Eastern Economic Corridor (EEC), is progressing as scheduled and a definite location for its set up will likely be named within 2 months. Construction is believed to begin shortly after and allow for the park to begin operation in early 2019.
Lazada has completed talks with partners both domestic and foreign to secure investment in the park and has also spoken with the Customs Department to begin the setup of a digital system that will support its business. The company is working on adhering to Thai laws and has schedule meetings with the Board of Investment (BOI) to clarify what benefits the park will have for the Kingdom.
At the same time, Alibaba Group has expressed an interest in speaking with Thai Post on delivering goods via its national network and possibly extending the network throughout CLMV. The company is offering to enhance Thai small and medium enterprises in line with the government’s Thailand 4.0 agenda and will provide free E-Commerce courses to interested entrepreneurs.
Source: National News Bureau
Illustration Photo: Logistics center (credits: Alvaro Galve / Flickr Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0))