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Monday, March 4, 2024

Japanese to invest 10 billion baht in Thailand’s S-curve industries

Two Japanese corporations are set to inject a total of 10 billion baht into Thailand’s S-curve industries, according to the Thai Industry Ministry. This initiative encompasses 12 industries earmarked for development by the Thai government, including smart electronics.

Air and compressor manufacturing are the sectors that have particularly piqued the interest of the two firms, said Industry Minister Pimphattra Wichaikul.

“Both companies are supporting the Thai economy by increasing employment and exports.”

This investment announcement followed a recent joint roadshow in Japan by the Industrial Estate Authority of Thailand (IEAT) and the Board of Investment (BoI). The objective of the roadshow was to invite investment into the promoted industries.

According to the ministry, compressors, electrical appliances, and solar panels are among the sectors expected to experience growth…

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