The Bangkok Post reports that the Small Industry Finance Corp (SIFC) and Japanese investment firms plan to set up a $10-million (42 billion baht) fund to invest in the vehicle parts industry.

According to the report, Vnet Capital, which has holdings in numerous IT firms, will manage the fund, with cash drawn mainly from Japanese investors.

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The domestic car parts industry is expected to grow steadily as Thailand develops as a regional production hub.


Details of the fund are being worked out by the SIFC and Japanese partners. Investors from other countries could be invited to participate. The Bangkok Post adds that the United Kingdom’s Commonwealth Development Corporation has reportedly expressed interest in investing in Thai small and medium companies.

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