ENTREPRENEURS
Not a crock
Foreign investors are snapping at Thailand's lucrative crocodile industry
- Published: 24 Jul 2012 at 00.00
- Newspaper section: Business
No longer is it just the food, hotel or tourism industry that attracts foreign investors to Thailand. Those are simply not exotic enough any more. No, the latest trend seems to be the country's lucrative crocodile industry.
One of the shops in Bangkok selling leather goods made from crocodile skin. In addition to bags, the tanned skins can also be used in furniture and upholstery. Crocodile hides have become a high-growth industry in Thailand, one that is increasingly eyed by foreign interests.
Thailand has the largest crocodile farming industry in the world, and popular international fashion brands source their exotic skins from here. About 700,000 crocodiles are raised on 22 farms registered with the Fisheries Department and another 929 small farms nationwide.
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