Bangkok a big part of new Board of Investment strategy

Thailand’s capital and its transport systems will play a major role in the Board of Investment’s new strategy to attract more foreign investment, while they also pledged to continue promoting the bio-circular-green (BCG) economy.
“Bangkok will play a crucial part in the campaign to convince global corporations to set up regional headquarters or hubs in the Kingdom,” said Narit Therdsteerasukdi, Secretary-General of the Board of Investment (BOI).
The Board also plans to concentrate on promoting electric vehicles, digital and creative businesses, and other elements of the BCG economy. These new industries will be a “game changer” for Thailand.
Narit added that the capital’s expanding networks of electric trains have transformed the metropolis. The rail lines are rapidly connecting all parts of town and the surrounding suburbs, as well as linking up with ports and three international airports. Foreign direct investors often consider the availability of infrastructure and logistics, qualified personnel, favorable regulations, industrial bases, reasonable costs and government incentives.
“Businesses and investors need to embrace new investment trends such as diversification, green investments and smart manufacturing,” he commented further.
The BoI’s strategy has broadened its approach from offering greater incentives for those businesses willing to invest in relatively underdeveloped provinces far from Bangkok and its nearby industrial centers, recognize Bangkok and its vicinities, and increase their appeal to investors.