Nation Thailand
BOI pushes high-tech investment deeper into Thai supply chains
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Thailand’s Board of Investment (BOI) is stepping up efforts to turn investment applications into actual projects while directing more capital towards high-technology industries that can deepen domestic supply chains and strengthen the country’s long-term competitiveness.
Key facts
- Realised investment has increased by 27% from a previous level of about THB500 billion
- Sudhasinee Smitra, deputy secretary-general of the BOI, told the KT Dialogue: New Horizon – Thailand Investment Play roundtable organised by Bangkokbiznews that Thailand’s recent investment momentum was not the result of the BOI working
- Meanwhile, the contribution of BOI-promoted investment to economic activity has risen from around 10–15% in the past to approximately 20% this year.
- Participating businesses can receive support equivalent to 50% of actual investment in industrial efficiency improvements.
- On the demand side, existing manufacturers seeking to improve productivity through automation can receive incentives worth 50% of actual investment
- Once carmakers that have established factories in Thailand move into the expansion phase after around two to three years, the share of locally sourced materials and components rises to about 50–60%, regardless of the manufacturer’s
Summary
Sudhasinee Smitra, deputy secretary-general of the BOI, told the KT Dialogue: New Horizon – Thailand Investment Play roundtable organised by Bangkokbiznews that Thailand’s recent investment momentum was not the result of the BOI working alone.
Progress has depended on coordination among government agencies, the capital market and the Thai Bankers’ Association, combining investment incentives with financial and fiscal measures while removing obstacles that could delay projects from moving into actual investment.