On 28th October 2022, Mr. Thirapath Mongkolnavin, Minister, attended the Press Conference to launch business collaboration between Translucia Co.Ltd. subsidiary of the T&B Media Global Thailand and Sunovatech, an Indian creative technology company, to build a Global Multiverse worth the US$ 3 billion. This collaboration will help Translucia gain best practices in 3D and virtual modeling, aiding in transformation of ‘Translucia Metaverse’ into a global platform, and help the company transverse business opportunities to new Indian partners in healthcare, education, cultural promotion, and even in real estate development.

During the Press Conference, the Minister congratulated on the business collaboration between two prominent Thai and Indian companies, which is significant as the arrangement is the first large-scale collaboration between the companies from the two countries in the IT space, reflective of the degree of trust Thai companies have towards their Indian counterparts in the ability to deliver excellent outcomes and products. The pairing will also yield benefit for the industries of the 2 countries in general, that is, in the gaining of new technological expertise in the case of Thailand, and in capital flow as well as capacity building in the case of India, in line with the policy of the Central Government of India.

T&B Media Global is a Thai company focused on creativity and storytelling using advanced technology. Using the original content obtained from business partners especially from Thailand and China, T&B Media have been able to employ technology into storytelling to become family-friendly content. In metaverse, prior to collaboration with Sunovatech, T&B have collaborated with Magnolia Quality Development Corporation (MQDC), a Thai company already invested in comprehensive co-working space business in India.