Thailand's BOI Targets Major Post-Roadshow Investments

The Board of Investment (BOI) anticipates a substantial influx of investments totaling 558 billion baht into Thailand, spurred by Prime Minister Srettha Thavisin's promotional tours across 14 countries. Sectors expected to benefit from this include digital technology, electric vehicles (EVs), electronics and semiconductors, and logistics.

According to BOI Secretary-General Narit Therdsteerasukdi, key initiatives have been introduced by the government to bolster the EV industry, attracting both new and established players, with major Chinese firms and Japanese carmakers committing to substantial investments in Thailand. Efforts are ongoing to engage US and European EV manufacturers, along with leading battery cell producers, with projections of significant investment entries this year.

In the electronics and semiconductors industries, Narit said Thailand is moving to enhance its standing by inviting investments in midstream and upstream segments, as well as in electronic design. The digital sector is also set for a boost, with hyper-scale data centers expected to drive further investments in the coming decade.

The government also plans to offer more incentives to entice top international firms to establish regional offices in Thailand, determining to position the country as a hub for international business, finance, and logistics. The move is anticipated to see at least five prominent companies setting up regional bases in Thailand this year.


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