BoI announces date for 'Opportunity Thailand' seminar

BoI announces date for 'Opportunity Thailand' seminar

The Board of Investment (BoI) plans to hold its annual "Opportunity Thailand" event on Feb 15. The seminar, which promotes investment in targeted high-tech industries, is expected to attract thousands of Thai and foreign investors.

Secretary-general Hirunya Suchinai said the event will gather chief executives from large Thai and foreign companies, including Airbus's CEO for Asia-Pacific, the CEO of the Japanese firm Ajinomoto and the CEO of China's Huawei Technology.

Other participants will include Thai tycoons such as Dhanin Chearavanont, CEO of agribusiness conglomerate Charoen Pokphand Group, and Kan Trakulhoon, the former president and CEO of Siam Cement Group.

"The seminar will be presided over by Prime Minister Prayut Chan-o-cha, who will be joined by Deputy Prime Minister Somkid Jatusripitak and Industry Minister Uttama Savanayana," she said.

The event will focus on Thailand 4.0 and government policies to promote the Eastern Economic Corridor (EEC) as a new high-tech industrial hub for Asean.

It will outline Thailand's plans to promote targeted industries in the EEC to push forward their development in line with the new 4.0 era, which stresses added value and innovation.

The EEC is expected to increase investment in eastern Thailand, where there is strong potential to create technology transfers that will improve industry.

The project will also create demand for logistics and warehouse solution services, new business areas that will create jobs and support the domestic economy.

The EEC spans the provinces of Chon Buri, Rayong and Chachoengsao, which will be designated as a high-tech industry cluster with an eye towards becoming Asean's leading economic zone for industrial, infrastructure and urban development.

The 10 targeted industries for the EEC are next-generation cars; smart electronics; affluent, medical and wellness tourism; agriculture and biotechnology; food; robotics for industry; logistics and aviation; biofuels and biochemicals; digital; and medical services.

Meanwhile, the BoI also plans several roadshows in Thailand and abroad in order to attract new investment.

In the first quarter of 2017, BoI delegations will visit Singapore, India, South Korea, the US, Germany, Sweden and Japan.

New investment submitted to the BoI in targeted clusters for the first 10 months of 2016 hit 400 billion baht.

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